Top 10 Supply chain Management (SCM) Software in 2024 | Canada

Supply chain management (SCM) software is the need of the hour, empowering businesses to thrive in an uncertain world.

The recent COVID-19 outbreak has shown that supply chain operation can be vulnerable. The whole world, including Canada was shut, and supply chain across the world suffered the most. 

Also, natural climate and regional conflicts, such as the situation in Ukraine, have further highlighted the vulnerabilities within supply chains operations.

These factors create significant challenges for supply chain businesses, including fluctuating customer demand, raw material shortages, and unexpected delays in the global supply.

In addition to this, businesses can face material scarcity due to overdependence on a single supplier and a rise in the cost of materials.

Moving forward, it's crucial for businesses to invest in resilient supply chain management (SCM) software to resolve these challenges and ensure operational continuity.

There are various tools available on the market, and companies can choose one from them that can fit your requirements. Our team of experts has meticulously evaluated several SCM solutions, considering factors such as functionality, compatibility, pricing, and support.

In this article, we will provide in-depth analysis of the selected top 10 SCM software in the market and outline the benefits of choosing a comprehensive solution.

What is Supply Chain Management (SCM)?

Supply chain management refers to the process of managing the business's activity across the supply chain, from raw material procurement to delivering the product to end consumers. It is a network of suppliers, manufacturers, distributors, wholesalers, retailers, and consumers.

An effective SCM manages and optimizes this network to improve the satisfaction of end users. However, many people get confused with supply chain with logistics, but the reality is that logistics is only one aspect of the supply chain.

With today’s supply chain management software, like Dynamics 365 Supply Chain Management, users can handle their raw material requirements, fulfill orders effectively, and handle the parties involved in production creation.

Top 10 Supply Chain Management (SCM) Software

We have included the best supply chain management software in the list that can help your business to optimize supply chain performance, such as warehouse management, track inventory, and fulfill specific business requirements.

Dynamics 365 Supply Chain Management

Dynamics 365 Supply Chain Management is designed to handle complex business operations. Business can accelerate execution process and monitor inventory, warehouse, and distribution.

Furthermore, businesses can accurately predict future demand by leveraging in-built AI, Copilot, get end-to-end visibility and control over the entire supply chain. This enables business to make strategic decisions and improve efficiency across supply chain processes.

In addition to this, you can streamline the sourcing decision, assess the purchase risk with data analysis, and effectively manage the warehouse with D365 Supply Chain Management in Canada.

Key features:

• Production control
• Procurement and sourcing
• Warehouse management
• Vendor collaboration
• Inventory visibility

Dynamics 365 Business Central

It is an ERP solution that helps businesses to streamline their wide range of operations, including supply chain management.

With Business Central, business can find, manage, and collaborate with vendors, strengthening the relationship. Business can also ensure optimized inventory for space utilization, improve product quality, and ensure timely delivery.

With Business Central supply chain management module, business can track shipment status, coordinate with shipment partner, and respond to dynamics change in the market.

Key features:

• Inventory management
• Purchase and order management
• Production planning
• In-built AI - Copilot

NetSuite

It is cloud-based supply chain management software with robust SCM capabilities. Businesses can leverage this solution if they require strong inventory management and order fulfillment features.

It also allows businesses to analyze future demand to understand the changes in market change and manage inventory hassle-free.

However, NetSuite can be complex to implement for organizations with highly customized processes. Its pricing can also be higher compared to other solutions.

Key features:

• Order management
• Consistent product quality
• Supply planning

SAP SCM

It is a comprehensive suite of SCM applications offered by SCM that covers various supply chain processes, from planning to execution.

Businesses can leverage advanced analytics and optimization capabilities for better supply chain management.

However, SAP solutions, including SCM modules, have a high implementation cost and complexity, leading to a longer time to implement. Businesses can also face challenges with integration with other solutions. 

Key features:

• Demand planning
• Supply planning
• Transportation management
• Supply chain visibility

Logiwa WMS

Logiwa is a warehouse management system that helps businesses optimize and streamline warehouse operations.

Businesses can improve the order fulfillment speed and can also increase accuracy.

With Logiwa, businesses can reduce labor costs and inventory discrepancies. It also leverages AI to provide real-time visibility of inventory levels.

However, it only focuses on warehouse operations, with limited capabilities for broader supply chain management. You need to integrate other systems to fulfill your requirements.

Key features:

• Inventory control
• Order picking and packing
• Shipping and Receiving
• Labor management
• Warehouse analytics

Netstock

It is designed to help businesses with inventory management, such as stock level optimization and carrying cost reduction.

Netstock provides businesses with accurate inventory forecasts and replenishment recommendations. With Netstock, businesses can improve order fulfillment rates and reduce stockouts.

However, it is essential to understand that Netstock is primarily focused on inventory management, with limited capabilities for other supply chain functions.

If your business deals with complex supply chain operations, it might not be a suitable option.

Key features:

• Demand planning
• Inventory ordering
• Inventory forecasting
• Supplier performance
• Capacity planning

Magaya Corporation

Magaya Corporation is a logistics software platform that is designed to optimize your shipping and logistics, from origin to destination.

Businesses can leverage this digital freight platform to access real-time visibility into shipments and freight rates. This allows you to automate manual tasks to save time, accelerate the logistic process, and simplify customs clearance and documentation processes.

However, its focus is on freight management, with limited capabilities for other supply chain areas. The solution might not be suitable for your business if you have an extensive in-house logistics operation.

Key features:

• Freight quote and booking
• Shipment tracking
• Customs clearance
• Documentation management

Shippabo

Shippabo is designed to help businesses manage their operations by bringing their global team and suppliers together. It primarily focuses on shipping and logistics, helping businesses to simplify order fulfillment and shipping processes.

Shippabo allows businesses to stay informed about their shipment in real-time with global tracking capability. The software also allows you to create automated reports as per your business requirements.

However, it lacks a broader supply chain management capability with only a focus on the shipping function. It might not be a good option for your business for complex supply chain management requirements.

Key features:

• Factory collaboration
• Cargo insurance
• Customs brokerage
• Freight services
• Global shipment tracking

Infor

Infor is an industry-specific ERP solution that also caters to your supply chain management requirements. With Infor, you can get real-time updates, helping you to match the demand with supply. It also facilitates you with upcoming market disruptions and offers you alerts.

However, Infor can have limited capability if you have a complex business requirement. Its implementation can also be challenging for businesses.

Key features:

• Demand planning
• Supply planning
• Inventory management
• Transportation management
• Warehouse management

Coupa

Coupa also provides software for supply chain management requirements, such as spend management and procurement. It enables you to focus on cost reduction and process efficiency.

Additionally, Coupa provides you with visibility into spending and supplier performance.

However, it only focuses on procurement and spending management and has limited capabilities for other supply chain areas.

Key features:

• Supply chain modeler
• Demand modeler
• AI prescriptions
• Procurement
• Invoicing

Benefits of Supply Chain Management (SCM) Software

Businesses can leverage the substantial benefits of choosing SCM software, like the ability to automate repetitive tasks, improve production quality, and check inventory counts.

There are more benefits a business can expect from using the solutions. Here are they:

Enhance Visibility

Supply chain management (SCM) software provides you with a 360-degree view of your supply chain operation, from raw material sourcing, product manufacturing, and storing in the warehouse to delivering to the end user. It helps you fulfill customer requirements, make informed decisions, improve production quality, and resolve any queries faster.

Decrease Costs

With real-time insight, you can understand customer requirements and predict their future demand. This helps you in raw material procurement and production quantity, avoiding overstocking as well as understocking. It eliminates waste, reduces storage management costs, and frees up your manpower, resulting in decreased costs.

Increase Customer Satisfaction

The best supply chain management software enables you to improve production quality, provide a reliable delivery timeline, deliver the products within a timeframe, communicate with customers, and resolve their queries seamlessly. This enhances customer satisfaction, thus fostering loyalty.

Deliver On-Time, Every Time

SCM software helps you manage your orders with real-time inventory updates, route optimization, live product tracking tools, and an optimized warehouse. You can constantly track and analyze the delivery to identify any issues and resolve them promptly.

Build a Competitive Advantage

Supply chain management (SCM) software automates tasks, negotiates better with your suppliers, optimizes inventory levels, reduces procurement costs, and provides real-time order status. This helps you save costs and fulfill your order effectively. These benefits can provide you with a competitive edge over your competitors and foster loyalty among your customers.

Simplify Your Supply Chain Operations with Dynamics Square

Multiple supply chain software available for operational management in the market. But you need to care about only one software that has everything to fulfill your unique requirements and simplify complex operations.

So, the team of experts at Dynamics Square presents the top 10 supply chain management (SCM) software available for your business. You can choose from them based on how they align with your business requirements.

If you are still unaware of which solution can be instrumental for your business, reach out to our expert consultants. They have in-depth knowledge of products and help you select a solution for D365 Supply Chain Management in Canada that simplifies your business operation and minimizes errors.

We, at Dynamics Square, also provide D365 Supply Chain Management training, helping your team to get comfortable with the solution and utilize them in the best possible manner.

Get in touch with us at +1 778 381 5388 or write us an email at info@dynamicssquare.ca to get your query resolved.

People Also Ask:

What is SCM software used for?

Supply chain management software is used to manage supply chain traction, and supplier relationships, improve production quality, increase quality control, automate order processing, optimize shipping, and more.

Which software is best for supply chain management?

There is no doubt that Dynamics 365 Supply Chain Management is the best supply chain management software example.

It simplifies procurement and sourcing, improves manufacturing and shop floor management, and manages warehouses effectively.

Is SCM part of SAP?

No, Supply Chain Management (SCM) is not a part of SAP, but it provides solutions to help business to streamline their supply chain business process.

SAP is just another solution provider, like Dynamics 365 solutions to help businesses with Supply Chain Management.