Dictionary of Accounting Terms: Supply Chain Management (SCM) Software
Supply Chain Management (SCM) Software
software that facilitates supply chain management function seamlessly. SCM is the organization of activities between a company and its suppliers in an effort to provide for the profitable development, production, and delivery of goods to customers. As a result of information sharing, production lead times and inventory holding costs have been reduced, and on-time deliveries to customers have been improved. SCM software systems support the planning of the best way to fill orders and help tracking of products and components among companies in the supply chain.
