Sarasota, FL -- (SBWIRE) -- 06/20/2018 -- Global Supply Chain Analytics Market: Overview

Supply chain analytics is a system which facilitates the execution of products and services from suppliers to customer. It has an important goal to improve forecasting and efficiency and be more responsive to customer needs, which in turn can lead to cost saving adjustments to inventory and faster delivery to customers. There are some tools or software's available in market which helps in supply chain analytics market some of them are Intellestra by Voxware, KPMG Spectrum Third Party Intelligence, PeopleSoft Supply Chain Analytics, Birst Supply Chain Analytics etc.

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Global Supply Chain Analytics Market: Growth Factors

It is witnessing structural reforms to reduce the complexities in the supply chain management system. The supply chain network involves transferring goods to warehouse of distributors to customers. The network of supply chain is becoming complex day by day due to increase in globalization and business expansion.

The biggest driver that shapes the retail landscape in Asia Pacific is the launch of the Association of Southeast Asian Nations (ASEAN) Economic community. Asia Pacific is an emerging market in the global supply chain analytics market, as it offers cheap labor and lower land prices, it is expected to attract foreign investors for startup ventures, and thus it is expected to hold a dominant share of the market in future.

The ASEAN Economic Community (AEC) is expected to help retailers expand the region, which will fuel the economic development of the region. As data analytics becomes critical in supply chain operations and management, supply chain analytics software solutions and tools have become required technologies in market. Many supply chain analytics tools feature improved forecasting ,sales and operations planning to give supply chain managers the business intelligence they need to streamline operations, lower costs, and improve customer service.

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Global Supply Chain Analytics Market: Segmentation

Supply chain analytics is broadly segmented into types such as supply chain planning and procurement, sales & operations planning, manufacturing analytics, transportation and logistics, visualization and reporting tools. On the basis of industry vertical, the market is segmented into retail, healthcare, automotive and transportation, aerospace & defense, manufacturing and others. The growth of the market is driven by factors such as low supply chain visibility, inefficient supplier networks, elevated warehousing costs, and incorrect forecasts, and so on. Increasing demand for timely delivery and product availability have been pressurizing manufacturing companies to meet the rising demand while maintaining the same margin levels. The application of supply chain analytics solutions helps in improving performance as they provide access to real-time data across the value chain and accurately reflect updates made in any region or process across an organization. Due to high demand for supply chain analytics software there is competition in market.

Global Supply Chain Analytics Market: Regional Analysis

At present North America is the leading country in the global supply chain analytics market in the region. Asia Pacific is also expected to emerge as a promising region for the growth of the market owing to the flourishing manufacturing activities along with the region along with growing investments for the purpose of foreign expansion. North America and Europe are the most advanced regions in terms of technological usage, and the growing number of analytic applications in each industries. On the other hand Africa, Middle East, and Asia Pacific are among the fastest growing regions in this market. These regions are getting aware towards the analytical technology in various sectors of industry.

Global Supply Chain Analytics Market: Competitive Players

Some of the most important player operating in global supply chain analytics market are Sage Clarity LLC, Kinaxis Inc., SAS institute Inc., Oracle Corporation, Capgemini S.A., SAP SE, IBM Corporation, Microstatergy Genpact Ltd., and Birst Inc., among others.

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Global Supply Chain Analytics Market: Regional Segment Analysis

North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa