Supply Chain Management
Supply-Chain Management (SCM), is the management of the flow of goods and services from the procurement of raw materials to the delivery of finished goods and services. Supply-Chain Management is the set of decisions and activities which are utilized to integrate suppliers, manufacturers, warehouses, transporters, retailers and customers effectively. Managing supply-chain using a software solution, any organization can distribute its products/services at the right time, to the right location and in the right quantity, in order to minimize cost and increase customer satisfaction level.
Key Features
Odoo inventory management, warehouse management, order management, return management, logistics, procurement, forecasting, and planning are just a few of the unique features provided by supply chain management software that help in the supply chain's growth. To help you understand what this product is all about, we'll introduce those features to you.
Inventory Control
Odoo inventory management software for supply chains provides a tracking system to track and manage raw material availability, the number of stock goods, asset monitoring, and barcode integration.
Storage Management
In the supply chain, a warehouse management component is essential. This system's main objective is to check and regulate the movement of commodities kept in a warehouse. Additionally, it improves the efficiency of processes like shipping, receiving, and picking.
Order Control
With the support of automated buying processes, supply chain management software streamlines the process of carrying out several operations, such as placing purchase orders, planning supplier deliveries, and configuring products and price.
Return Control
Supply chain software efficiently handles a number of important functions. It enables a business to assess corroded and damaged goods and assists in processing insurance claims and refunds for customers.
Logistics
The improvement of the product delivery process made possible by the supply chain management software would change the way that goods are transported, boost customer happiness, and double profit margins.
Purchasing
In order to maintain the supply chain working properly, procurement is quite beneficial. It refers to the practice of ordering products only as needed and avoiding large purchases. You can quicken the process of paying bills and making purchases by using this software.
Planning & Forecasting
A business can assess customer demand predictions and make the required adjustments to meet customers' expectations with the help of supply chain management software. An company can use the feature to determine customer interest in particular products.
Advantages
Improved Teamwork
For effective business administration, information must flow in a timely and appropriate manner. In order to maintain steady growth and build a strong internal communication system, it is a pressing problem that many enormous firms are currently confronting. If the issue is not addressed quickly, it could widen the communication gap between various departments, which could eventually have an impact on teamwork and provide a direct threat to the company's ongoing operations. The only method to promote excellent teamwork and communication is to use Odoo ERP software.
Boost the Efficiency rate
Every business should have a backup strategy in place to handle pressing difficulties. You can't be ready to carry out your plan B without real-time data. The facts about the availability of raw materials and manufacturing delays are included in the real-time data. Plan B, which entails the process of obtaining materials from the backup supplier and averts further disruption, must be ready. Plan B will run into worse problems like out-of-stock inventories and delayed shipments to customers if it is not implemented on time. Modules for Odoo lower the possibility of shipment delays and aid in creating a solid working relationship with providers.
Better Material and Product Flow
The flow of information, products, and materials is crucial to supply chains. These serve as the supply chain system's main pillars. Supply chains are concerned with producing goods and delivering them to the ultimate customers who place orders. Efficiency is required for this process to deliver the goods on time and avoid additional delays. Additionally, the production division ought to create consumer goods from high-quality components.
Enhance Cash Flow
In addition, supply chain management should take into account additional factors including shifting demand and available inventory space. They need to figure out efficient ways to transport their goods to customers and employ cost-cutting measures. Every business needs a sound financial system because it keeps things running smoothly. The majority of businesses want to increase supply chain cash flow. The automatic accounting tools offered by the Odoo supply chain module can assist you deal with issues that typically arise during the process. Manual tasks that are automated can save a lot of money.
Vendor Relationship Definition
You may assess a supplier's connection and compare costs based on market prices using the Odoo supply chain management software. Supply chain officers can partner with the best supplier with the help of this analysis.
Facilitating the Distribution of Materials
Many large businesses deal with large amounts of material and anticipate timely, efficient delivery at the proper location. Odoo supply chain management software assists you in automating the shipping procedure when a complex situation in the supply chain emerges. The top supply managers can maintain a close eye on the procedure of supplying materials. A business with efficient material flow can avoid delays and simplify the distribution process.
Vendor Billing
This data analysis includes the vendor's billing and delivery procedures, giving you a good indication of whether or not a provider is a good fit for your business. Your extra time will be saved by this evaluation, which you can use to increase productivity in other areas. Odoo software's automatic features provide a host of advantages while upholding dependable vendor relationships.
SCM with O2b Technologies
O2b Technologies is the right choice to manage your supply-chain activities. Our supply-chain management software manages supply-chain transactions and activities, the flow of data, supplier relationships, warehousing, transportation, and inventory.
Our software manages from the manufacturing process to delivering product/service to the customer, it involves raw material procurement and handling, manufacturing management, inventory management, order management, purchase management, logistics, etc. O2b Technologies supply-chain software has all the attributes which help you to manage all your processes of supply-chain.
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