Supply chain management solutions (software and services) integrate functions such as manufacturing, distribution, and production by holistically managing the information, material flow, financials, and others. They aim to achieve competitive advantage through enhanced customer service, optimized costs, increased revenue, and investments. Supply chain management solutions consist of integrated processes such as inventory control, production planning, distribution, and logistics.
Inventory control and production planning comprise the storage and manufacturing sub-processes and their interface. The distribution and logistics process defines how products are transported and delivered from the warehouse to retailers. The supply chain management solutions market is anticipated to expand at a CAGR of 11.2% in the coming years.
Furthermore, the market is largely driven by mergers and acquisitions across regions. For instance, in February 2017, JDA Software acquired i2 Technologies, a provider of supply chain management solutions (software and services) for an enterprise value of about US$ 396 Mn. This acquisition is expected to establish JDA Software as an enterprise software company with a focus on supply chain management solutions (software and services) offerings.
Supply chain management solutions play an important role in industries such as food & beverages, transportation & logistics, automotive, industrial, health care, electronics, aerospace & defense, etc. These industries require supply chain management solutions (software and services) for inventory management and operation flow. The transportation industry is large and includes an extensive variety of distinct industries such as shipping, railroads, and air services. The transportation and logistics industry in North America is extremely competitive.
As supply chains and transportation networks become increasingly complex, the systems that support them are progressing and improving at a rapid speed. Solution vendors have been integrating various functionalities of transportation into their solutions. Several vendors are emphasizing on developing solutions for transporters to modernize their supply chains and also making them more time and cost efficient.
This has been driving the supply chain management solutions (software and services) market. Several firms that sell products through the Internet or catalogs are able to offer responsiveness by using transportation to supply products in 24 hours. For instance, UPS and FedEx are two companies that can offer highly responsive transportation services. Amazon is also focusing on operating and expanding its own transportation services across high volume markets to be more responsive to customer requirements.
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