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Global SCM software market: 11% CAGR growth forecast between 2012-2016
Global Supply Chain Management Software Market 2012-2016 - a new market research report on 2014-04-29 04:25:04
The Global SCM Software market is to grow at a CAGR of 10.58 percent over the period 2012-2016. One of the key factors contributing to this market growth is the need for companies to improve their efficiency. The market has also been witnessing the development and adoption of supply chain visibility and event management. However, vendor and partner relationship issues could pose a challenge to the growth of this market.

SCVEM is an integrated system which helps a company define the important aspects of the entire supply chain. It helps identify any disruptions in the supply chain and provides immediate notification. Senior supply executives think that the use of SCVEM will act as a strategic advantage for their business. They recognize that the best way to integrate with third parties that provide visibility data is through SaaS-based applications or online and mobile access. Many organizations are accustomed to exchanging information with supply chain partners through EDI. These companies know the value of exchanging information with the extended network of supply chain partners and are willing to extend into other upcoming technologies. Here, SCVEM will help in identifying the problems that prevail in the supply chain. It has been reported that among those who invested in improving supply chain visibility in 2012, only 5 percent purchased SaaS-based applications and only 15 percent intend to do so in the future.

The Global Supply Chain Management market is driven by the need for companies to improve their efficiency. Companies are trying to improve customer satisfaction and reduce the costs they incur from labor and inventory maintenance by using appropriate SCM software. SCM not only improves efficiency, but also improves procurement efficiency, product innovation, and manufacturing excellence.

Further, the report states that different organizations have different departments, which have different methods for evaluating the performance of products/services. Trust between the vendor and partner begins to flourish when the flow of information is reliable between them but in certain cases the flow of information is not complete and this hampers relations between them. The lack of complete and effective communication negatively affects the performance of the market.

The key vendors dominating this space include Manhattan Associates Inc., Oracle Corp., Redprairie Corp., and SAP AG. The other vendors mentioned in this report are Accellos Inc., Descrates Inc., Epicor Corp., Global Solutions Inc., GTNexus Corp., HighJump Software Inc., IBM Corp., Infor Global Solutions Inc., Kewill Systems Inc., Kinaxis Corp., Lawson software Corp., Logility Corp., Quintiq Corp., Retalix Corp., Servigistics Inc., and Totvs Inc.

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Mike King
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