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For the first time, the spotlight of worldwide logistics industry is on India as the global logistics industry is
poised for growth in emerging markets in 2016 as per a survey by the 2016 Agility Emerging Markets
Logistics Index. India holds a special mention as the country with the most growth potential, even
overtaking China. Essa Al-Saleh, President and CEO of Agility Global Integrated Logistics, is of the view
that the fundamentals driving growth remain constant a rising middle class with spending power,
progress in poverty reduction, growing populations. Thats why we are still positive on the outlook for
emerging markets and see them driving global growth. In such a buoyant scenario, the role of SCM or
Supply Chain Management is enhanced as Supply Chain Management can directly influence and enable
the verticals of delivery, cost reduction and customer satisfaction.
There is the evident growth in the logistics sector however for sustaining this growth, the supply chain
sector in India needs three basic aspects:
Improvement in performance,
Provide manpower support and
Incorporate best global practices; according to KPMG India.
And for SCM to function effectively, an updated SCM software is a key requirement. In the logistics
management bizmeth, an updated SCM software is integral to growth and expansion objectives.
Key Factors of SCM Software
Broadly speaking, the SCM software envelops planning and execution applications of four core areas, viz.
Transport Management System (TMS), Warehouse Management System (WMS), Procurement and Supply
Management; using advanced algorithms for order filling and tracking status of goods. SCM includes
overseeing the efficient flow of product, information and finance from supplier to manufacturer to
wholesaler to retailer and eventually to consumer. SCM software coordinates and integrates these
processes effectively by smooth functioning of movement of goods from supplier to customer and back,
tracking orders and status of delivery along with payment schedules and consignment arrangement.
Hence, the software for SCM is more of an investment for future-ready companies rather than just an
additional requirement for the company.
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Source:
http://scn.sap.com/community/scm/blog/2016/09/29/how-to-purchase-the-best-scm-software