Smart and Mobile Supply Chain Solutions Market - Competitive Dynamics & Global O

Posted by RASHMI on March 28th, 2019

Supply chain management is defined as the management of flow of goods within the supply chain. It majorly includes the storage and movement of raw materials, inventory management, and management of finished goods from point of production to consumption point. Interlinked and interconnected channels, networks, and node business are involved in the management of products and services which are required by the end customers in the supply chains. However, smart supply chain software and services majorly deal with the information generated within the supply chain.

Smart supply chain management solutions help in collecting and managing the collected information. The product manufacturers and retailers use this information in demand forecasting, studying consumer behavior, and changing preferences of consumers. These solutions help companies or businesses to effectively deal with the risk associated with supply chains. These risks include the level of inventory, asset tracking, supply of goods against demand forecast, and services.

These solutions help organizations achieve their business objectives by providing effective and efficient supply chain services. With advances in technology, supply chain solutions are becoming more interconnected, intelligent, and instrumented. The global smart and mobile supply chain solutions market was valued at US$ 7,095.3 Mn in 2013 and is expected to grow at a CAGR of 13.2% during the forecast period 2014 – 2020.

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The global smart and mobile supply chain solutions market is led by players such as SAP SE, Oracle Corporation, JDA Software Group, Inc., Manhattan Associates, Inc., Epicor Software Corporation, IBM Corporation, Descartes Systems Group, Inc., Infor Global Solutions, Inc., GT Nexus Inc., and Kewill Systems Plc.