MarketSupply-chain-management software
Company Profile

Supply-chain-management software

Supply‑chain‑management software (SCMS) refers to software tools and modules used to execute supply chain transactions, manage supplier relationships, and control associated business processes. By automating operations across product development, sourcing, production, and logistics, SCMS can enhance both the physical and informational flows within a supply chain—ultimately driving better performance, lower costs, and increased efficiency.

Shift to Software as a Service (SaaS)
SCMS adoption is growing faster than the broader enterprise application software market. The annual revenue from SCMS (on-premises and SaaS) reached $10 billion in 2014, a 12 percent increase over 2013. While on-premises software was still more widely used than SaaS solutions for SCMS in 2014, Gartner projected that about two-thirds of the growth in SCMS adoption between 2015 and 2018 will be based on the SaaS subscription model: driven by a growing realization of the benefits of cloud-based services, the SaaS-based SCMS market grew by about 24 percent in 2014 and is projected to continue to grow at a 19 percent compound annual growth rate (CAGR), reaching $4.4 billion in annual sales by 2018. ==References==
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