Albany, NY -- (SBWIRE) -- 06/11/2018 -- Supply chain management (SCM) is one of the critical components in today's global supply chain market. It enables manufacturing companies, wholesalers, and retailers to provide value to their customers through lower costs and superior products. As supply chain management is becoming one of the significant factors in the success of any business, the demand for advanced supply chain solutions is anticipated to grow significantly in the next few years.

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Thus, supply chain management software and services would continue to grow at a significantly higher rate when compared to other software companies providing higher return on investment to its investors.

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SCM is defined as the management of flow of goods within the supply chain. It majorly includes the storage and movement of raw materials, inventory management, and management of finished goods from point of production to consumption point.

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Interlinked and interconnected channels, networks, and node business are involved in the management of products and services which are required by the end customers in the supply chains. However, smart and mobile supply chain software and services majorly deal with the information generated within the supply chain. Smart and mobile supply chain management solutions help in collecting and managing the collected information.