Supply Chain Management Software, or SCM software, is a set of web-based tools and applications that automate, streamline and monitor the daily operations and administrative tasks within a supply chain. It ensures efficient communication, collaboration, planning and visibility for all of the stakeholders involved in the process. By utilizing detailed analytics, SCM software helps to optimize resources, minimize risk and reduce costs across the entire supply chain network. SCM software can be used to manage both internal and external supply chain operations ranging from inventory control, order fulfillment and procurement to customer tracking, shipment monitoring and payment processing.