What are supply Chain Management tools and techniques ?

What are supply Chain Management tools and techniques ?
Here are some the supply Chain Management tools and techniques. To know more about supply Chain Management tools and techniques Google “Zoe Talent Solutions”.
Is it possible to talk about smart companies? Just as people have the ability to transform data and information into knowledge, the intelligence of organizations resides in their ability to take advantage of all visible and not-so-visible data that, in turn, lead to valuable conclusions.
The application of the technology known as business intelligence achieves maximizing the available information and allows the executives that the decisions, they make are guaranteed by the greatest number of details. This type of technological tools produces notable improvements in companies when they are applied to specific aspects such as the management of the supply chain.
Over the years, what is known as business intelligence technology has made it possible for users at all hierarchical levels of a company to access useful information. In a concrete way, and when dealing with the large number of processes gathered under the concept of supply chain, it is necessary to have integrated solutions that are capable of extracting business data and presenting them properly to expedite decision making within the company. 
 
 According to the theory of the consulting firm Gartner Group, the processes known as B2B (business to business) mark the areas of intersection between companies, that is, the transactions that take place between a seller and a buyer.
These operations take place throughout the Value Chain Market (MCV), a set of demand and supply chains that hold the key to success for companies to compete and collaborate. Companies control their supply while participating in other organizations. Even service entities and public corporations have supply chains, although they only produce goods destined for their internal operations and not for commercialization in the market.
The importance of the B2B and the Supply Chain Market has a fundamentally economic basis. The cost of materials, articles, supplies and components throughout the chain represents between 60% and 80% of the total budget of a company. Therefore, it is essential to take advantage of any opportunity to optimize the value of the procurement process and benefit all who participate in it. A large part of the investments in this area are made with the aim of:
· Increase efficiency
· Reduce costs
· Balance the inventory.
· Minimize the number of intermediate processes.
· Reduce redundancies.
· Shorten the time cycles.
· Rationalize the work of suppliers.
Internal supply chains
When evaluating supply chains, we tend to analyze the relationship of the company with its suppliers. However, there are internal processes that are fundamentally oriented towards procurement and that link supply with demand.
From the point of view of the offer, the most outstanding processes are: sales, accounts receivable, executions, inventory of final goods and logistics. On the other hand, the processes of demand include: purchases, accounts payable, inventory of raw materials and semi-finished products, production and transport. 
 
 " The measurement, management and optimization of processes in the internal supply chains are critical business activities that require an infrastructure capable of unlocking information, only in this way it is possible to determine, analyze and track the performance of said information. processes " ??, explains Oscar Hernández, general director of the Moebius consultancy, expert in the application of business intelligence technology.
Therefore, any business intelligence platform that wants to undertake this task must:
· Provide the necessary insights to evaluate and understand the performance of the chain.
· Offer a global vision of the processes within the context of the rest of the business activities.
· Allow to see and monitor key performance indicators linked to procurement processes.
· Add transparency and security to the supply chain for customers, partners and suppliers.

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