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Supply chain analytics market growing at 13.68% CAGR by 2021 according to new research report

Supply chain analytics market growing at 13.68% CAGR by 2021 according to new research report

The analysts forecast global supply chain analytics market to grow at a CAGR of 13.68% during the period 2017-2021.The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Supply Chain Analytics Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.

The report also includes a discussion of the key vendors operating in this market.

Complete report on the Supply Chain Analytics Market Research Report spread across 68 pages, profiling 18 companies with table of content is now available at  www.reportsnreports.com/contacts/.aspx?name=1142917 .

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The following companies as the key players in the global supply chain analytics market: IBM, Oracle, and SAP. Other Prominent Vendors in the market are: Aptean, Bristlecone, Bilytica (Business Intelligence & Analytics), Birst, BOARD International, Chainalytics, CONCENTRA, Coupa Software, FineLine Technologies, RELEX Solutions, Kinaxis, Latentview, LLamasoft, Logility, and Silvon Software.

One trend in the market is emergence of procurement analytics. Analytics is one of the emerging trends in the peer-to-peer (P2P) outsourcing market.

Analytical solutions use statistical modeling tools and a methodology for an in-depth analysis of the procurement supply chain process. Advanced analytical tools, such as predictive analytics, provide insights connected to the procurement process by clustering numerous factors expected in the supply chain management systems.

According to the report, one driver in the market is increased needs to improve business processes. Business processes are tasks that produce a specific product for a particular set of customers.

The outcome of a well-designed business process is an improvement in effectiveness and efficiency. SCM software helps improve efficiency by generating more output using a small amount of input.

It helps improve effectiveness by creating products that are in demand. Business processes play a key role in strengthening the position of a company in the market.

They help align business strategies with operations, which helps organizations gain control of the market.

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Further, the report states that one challenge in the market is increased complexity of the supply chain network. As mentioned above, supply chains have become complex over the last few years as many suppliers expanded their business to various industries across the world.

Due to this, the global supply chain analytics market is very competitive. Furthermore, supply chain management consists of handling the inventory transactions and feeding data in the analytics solutions.

Both these processes need to correlate to ensure that all transactions are done and verified both in the system data as well as on the shop floor.

This report covers the present scenario and the growth prospects of the global supply chain analytics market for 2017-2021. To calculate the market size, the report considers revenues from sales of supply chain analytics solution.

The application of analytics in the supply chain can be applied to many industries, such as retail, consumer goods, and manufacturing to accurately anticipate demand and to predict and monitor supply and replenishment policies and plan the inventory flow of goods and services. The supply chain is a significant component of any company.

Hence, to reduce the cost fluctuation and optimize the sourcing and logistics activities, companies are investing in supply chain analytics.

Key questions answered in this report

What will the market size be in 2021 and what will the growth rate be?           

What are the key market trends?                                               

What is driving this industry?                                  

What are the challenges to market growth?

Who are the key vendors in this industry space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?

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