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Supply Chain Analytics Market - Global Industry Analysis and Trends upto 2023

Supply chain analytics (SCA) is the method to facilitate the execution of services and products from supplier to customer.
Aman Gambhir | 21.11.2015
 

Supply chain analytics (SCA) are extremely important for organizations to operate efficiently and effectively. It is system that smoothens the process of tracking the transfer of products or services from supplier to customer. These systems include information about people, organizations, resources, and activities to turn raw materials into the desired output. It operates on a hierarchy of manufactures, suppliers, retailers, wholesalers, and customers.

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Accuracy in Forecasts is the Biggest Advantage of Supply Chain Analytics

Every organization that engages in manufacturing processes, product re-engineering, developing products, re-sourcing, and low cost country sourcing (LCCS) needs an efficient supply chain analytics system. It gives the organizations timely insights that help them achieve set objectives, important in reaching the eventual corporate goals. The biggest advantage of employing SCA in an organization is better forecasting and minimization of material wastage, to speed up time-to-market for services, release of cash by reducing inventory, optimized service levels, and support network reconfiguration. Supply chain analytics are used in several areas such as manufacturing, automotive, high-tech electronics, aerospace, life sciences, consumer packaged goods (CPG), healthcare, and retail, among others.

Manufacturing Activities in Middle East and Asia Pacific to Boost Global SCA Market

The global supply chain analytics market has been segmented on the basis of solutions, services, deployments, and geography. The solutions in the global supply chain analytics market are logistics and transportation analytics, procurement and planning of supply chain, manufacturing analytics, operating and sales planning, and reporting and visualization tools. The services offered in this market are professional, maintenance, and support services. The deployment of supply chain analytics in seen in areas such as on-premises and hosted or cloud-based.

Geographically, this market is spread over regions such as Asia Pacific, Europe, North America, and
Rest of the World. According to research analysts at Transparency Market Research, the Middle East and Asia Pacific are expected to grow at a rapid pace in the coming few years due to growing manufacturing activities and growing presence of several industries in these regions.

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Innovations in Applications, Solutions, and Services will Help Global SCA Market

Companies operating in the global supply chain analytics market are looking at innovative cloud-based applications, solutions, and services to iron out the creases in this market. In spite of factors encouraging the global supply chain analytics market, there are certain restraints that are hampering this market. Some of the key restraints are lack of data visibility in real-time in the international business world, no flexibility within the network, imbalance in product line, and no particular way to streamline processes within planning and execution. However, innovations such as the one developed by Sage Clarity are expected to revolutionize the future of this market. Sage Clarity released a wide range of applications for improving the real-time management of inventories, along with the success of its supply chain solutions seen in the food and beverages sector. This application allows the employees to understand the operation in greater depth with special focus on customer deliveries, cost management, and profitability.

Key players influencing the market dynamics of the global supply chain analytics market are Genpact Ltd., Birst, Inc., Capgemini S.A., Microstrategy, IBM Corporation, Kinaxis Inc., Oracle Corporation, SAP SE, and Sage Clarity LLC and SAS Institute, Inc. among others.

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