The concept of cloud computing is currently revolutionizing the supply chain management, with close tracking of the products over the course of its lifecycle at its backbone. This in turn means significant cost cuttings as the product is transported from its location of production to the intended customers. Some of the key benefits of cloud computing in supply chain management is scalability, immediacy, cost containment, efficiency, accessibility, flexibility, easy onboarding, and possibilities of further optimization. According to a recent business intelligence study by TMR Research, the global cloud supply chain management market is poised for a profitable future during the forecast period of 2017 to 2025. The report is titled “Cloud Supply Chain Management Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025.”
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Some of the key factors primed to drive the market are increasing adoption of across the transportation industry, growing need for demand management solutions among small and medium sized enterprises, enhancement to the businesses by the means of minimizing potential failures, increasing awareness, need for low initial investment, and optimizing costs of enterprises. On the other hand, persistent need for adequate security and privacy, lesser options of customization owing to existing IT architectures, and data segregation issues are obstructing the market from attaining its true potential. That being said, radical growth of the ecommerce industry and mushrooming of SMEs is expected to create potential new opportunities in the near future.
Based on solution, the market can be segmented into procurement and sourcing, transportation management, inventory and warehouse management, sales and operation planning, order management, and demand planning and forecasting. Services can be managed, support and maintenance, and training and consulting. End use industries can be transportation and logistics, retail and wholesale, manufacturing, healthcare and life sciences, and food and beverages.
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JDA Software Group, Inc., Descartes Systems Group, Inc., Oracle Corporation, Infor, Inc., SAP SE, Logility, Inc., and Manhattan Associates, Inc. are some of the notable companies operating in the global cloud supply chain management market.