Supply Chain Management Software manages all transactions along the supply chain – from the warehouse to when the product reaches the consumer. By streamlining these processes organizations can operate more efficiently while reducing redundancy. In the supply chain you will encounter manufacturers, suppliers, wholesalers, retailers and logistical support. Introduction of cloud technology to the supply chain software has led to a reduction of business risk and easy access to all the necessary information. Organizations are also able to reduce the costs of purchase of in-house servers and hardware support. The supply chain software can be part of the ERP or a separate module on its own. The software requires input from various departments like procurement, manufacturing, HR and accounts. The software reduces the planning cycle while automating purchase orders. Organizations can easily scale their operations depending on demand and this helps them gain a competitive advantage. The software can capture customer preferences and this optimizes working capital. Some of the advanced accounting features in the supply chain software include multi-currency capabilities, multi-bank and general ledger. Asset registers handle various depreciation methods. Modern supply chain software are moving towards full integration with mobile based applications and this boosts productivity and information sharing in spite of location. The software also helps in facilitating e-commerce transactions.