Increasing Need for Demand Management Solutions among Business Enterprises Escalates the Cloud SCM Market Growth
As per the research, the global cloud SCM market is likely to grow from $3,260 million in 2016 to $11,047.2 million by 2023. As the modern supply chain management (SCM) is becoming strategic, adaptive and demand driven, software vendors are developing systems to support the new SCM paradigm. The new supply chain systems will go beyond operating efficiencies to a totally integrated system that improves management, planning and execution at all levels, providing the business organizations key competitive advantages. Insufficient data, lack of standardized processes and inadequate technologies oppose effective risk management.
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