article thumbnail

The Role of Blockchain in SCM, with Examples

SCMDOJO

What is a supply chain management system (SCM)? When talking about SCM, we can elaborate it as integrating all dependent business activities, including resources and actors, to smoothen the workflow. It has made visible changes in the SCM systems. For strict security purposes, authorized blockchains are preferred in SCM systems.

SCM 87
article thumbnail

Vendor vs. Supplier: how to Distinguish and Manage

Precoro

And is expected to double by 2026. Efficient SCM starts with a well-managed network of suppliers and vendors. Suppliers can provide raw materials for manufacturing products or act as an intermediary between the manufacturer and the buying company. Let's imagine a company A, that manufactures a finished product – sneakers.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Migrating from Legacy ERP to Cloud-Based ERP and Its Impact on Data Collection Software

RFgen

These innovation leaders are driving the public-cloud ERP market to an estimated $73 billion by 2026. Enhancing Capabilities in the Cloud Environment Challenges aside, migration to a cloud-based ERP like SAP S/4HANA Cloud or Oracle Fusion Cloud SCM presents opportunities to enhance inventory operations.

article thumbnail

An Introduction to ERPs and ERP Mobility for Supply Chain Pros

RFgen

Billion by 2026. Supply chain management (SCM) is one of the critical areas in an organization that needs to embrace these shifts to expedite operations and increase ROI. In SCM, processes are often unique and complex. Most ERPs offer on-premise deployments, such as Oracle SCM and SAP S/4HANA. Oracle JD Edwards.

article thumbnail

An Introduction to ERPs and ERP Mobility for Supply Chain Pros

RFgen

Billion by 2026. Supply chain management (SCM) is one of the critical areas in an organization that needs to embrace these shifts to expedite operations and increase ROI. In SCM, processes are often unique and complex. Most ERPs offer on-premise deployments, such as Oracle SCM and SAP S/4HANA. Oracle JD Edwards.