That's exactly how SCM is empowered by SAP, where I worked in the past 5 years. As an ERP solution provider, SAP focuses on collecting information from every aspect of business, modeling the business process and centralizing the whole enterprise management with its software solution. Supply chain management has always been the most important section in enterprise resource planning, especially for manufacturing business.
The SAP SCM module models the real supply chain processes into information system. It keeps collecting data from inventory, processing time, transportation cost, etc. Special algorithms are implemented in the software performing business intelligence functions to identify the bottleneck and issues in the whole process on the early stage by forecasting the potential consequences and send warnings to management team. (1)
(1) G. Knolmayer, P. Mertens, A. Zeier - Supply Chain Management Based on SAP Systems. Springer