SCM SUPPLY CHAIN MANAGEMENT, WHAT IS IT?
Supply chain management is the management of the flow of goods and services and includes all processes that transform raw materials into final products. It involves the active streamlining of a business’s supply-side activities to maximize customer value and gain a competitive advantage in the marketplace.
KEYS
■ Supply chain management (SCM) is the centralized management of the flow of goods and services and includes all processes that transform raw materials into final products.
■ By managing the supply chain, companies can cut excess costs and deliver products to the consumer faster.
■ Good supply chain management keeps companies out of the headlines and away from expensive recalls and lawsuits.
CHECK
The fundamental features of CHECK are Purchasing, Inventory Management and F&B Cost Control. It is a globalized solution supporting multiple languages, taxes and currencies, with 60 plus current localizations. For efficient supplier collaboration, CHECK offers many eBusiness capabilities that include Supplier Portal, CHECK was redesigned from the ground up as a multi-site system taking advantage of the ease of web deployment whilst retaining similar business logic and proven concepts of the previous generations of the CHECK system.
The aim was to allow a business to deploy and manage the procurement and inventory control operations of widely distributed business units. SCM is designed to support central administration, group and or centralized purchasing functions in a multi-site environment.
SCM may be deployed as a standalone system, or hosted across many business units in a cluster or across countries.
■ Cost reduction and control
The need to “do more with less” is a constant pressure point. Processes must be made more efficient and the workforce must be empowered to work smarter.
■ Groups and globalization
Most companies operate with multiple independent entities whether domestic or international, which brings extra challenges when finance teams must produce timely and accurate financial reports for each individual entity, as well as a consolidated position. Here lies the need to have a robust single solution available in multiple languages and addressing multiple reporting regimes.
” SIMPLE SOLUTIONS IN HANDS “
Simplify system management, streamline processes, and reduce complexities with one solution that brings everything together across different sites, countries, business units, companies, and corporate offices— and is flexible enough to handle their varying requirements.
ALIGNED GLOBAL COMPLIANCE MANDATES.
Comply with local statutory, audit, international financial reporting standards (IFRS)
and other regulatory requirements with built-in audit trails, alertsand sophisticated data reconciliation.
Handle simultaneous financial reporting requirements in multiple countries.
FLEXIBLE REAL-TIME REPORTING
You can streamline your reporting and planning cycles.
Align analysis to meet your evolving business needs and be able to report on any change you make.
Make it easier for users and stakeholders to understand how your business is performing in real-time.
Decision-makers can get immediate access to the integrated finance and operational information they need.
INCREASE INFORMATION ACCURACY
By capturing analysis at its source, you’ll be able to create a clear,
complete view of your business from every angle.
You can use system reports as they were actually intended—to analyze the data in your system,
not as an alternative place to store it. Because your financial information comes straight
from the data source, you can be confident it’s accurate and up to date.