Worldwide supply chain management software revenues will
reach $2.5bn (£1.3bn) in manufacturing industry alone by 2010,
according to a new study by industry analyst
Datamonitor.
Last year, revenues in the sector reached $1.6bn. Datamonitor
said the growth would be driven by both SME and larger
manufacturers as they looked either to replace legacy systems or to
implement a supply chain management system from scratch.
A Datamonitor study found that manufacturers were turning
increasingly to supply chain management technology in a bid to deal
with the growing complexity of the market.
Adam Jura, manufacturing technology analyst at Datamonitor, said,
“Manufacturers are finding that their supply chains are becoming
increasingly complex, and are having a greater impact on their
overall business.
“Gone are the days of comparing two manufacturing companies.
Now, it’s a case of two supply chains, and as such, the
capabilities of modern SCM suites to streamline processes
associated with both partners and customers are driving significant
investment.”
The study, co-authored by Jura, found that vendors were now
offering supply chain management products that met the needs of
smaller manufacturers, adding to its growing adoption.
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