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(IT-NEWSWIRE.COM, August 06, 2018 ) Market Overview: -
cloud SCM market strategies were created and implemented when the business environment was relatively more stable. At that time, skilled management teams could make use of predictable business cycles to navigate around the challenges and still maintain the focus on their supply chain strategies on reducing costs. This was done partly by launching low-cost manufacturing in locations, which were located away from core markets, lowering inventories by integrating partners into an ecosystem, applying lean principles to their processes, and rationalizing the supplier base. Currently, as every business is a digital business, organizations need to reanalyze the supply chain as a digital supply network that combines not just the physical flow of products and services, but also talent, finance, and information, which is anticipated to drive the cloud SCM market demand. Additionally, cloud computing has made it possible to closely track a product throughout its lifecycle. SCM Cloud has improved the information sharing across the supply chain as it provides appropriate messages to users, who are responsible for a specific procurement thus reducing costs and making processes transparent and efficient.
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Top Key Players: -
key players in the cloud SCM market, Oracle Corporation, SAP SE, Kinaxis, Inc., HighJump, CloudLogix, Manhattan Associates, and TECSYS are able to cater to this market.
Market share calculation in this report is not done based on companies covered in it. The calculation of cloud SCM market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Regional Segmentations: -
U.S. cloud SCM market share is forecast to continue leading the industry. Advancements in technology and infrastructure and shifting of workload to the cloud environment will fuel the APAC industry.
Large enterprises may face complexities when migrating to cloud-based supply chain management. The adoption of cloud SCM market may cause businesses to experience forced upgrades and barriers in the smooth flow of information. Lack of technical expertise may prove to be a major challenge to enterprises regardless of their size. Security concerns relating to data security and collection of personal information will continue to pose a threat to cloud SCM market.
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Cloud SCM market can be segmented based on the various sectors or verticals finding applications in the fields of food and beverage, healthcare and life science, manufacturing, retail, and transportation and logistics.
The transportation management segment is predicted to hold the largest cloud SCM market share as it offers capabilities, such as route planning, load optimization, order visibility, carrier administration, route optimization, billing & payment, and delivery. The solution allows interactions between an order management system and warehouse. It also handles important operational functions such as the creation of plans and strategies and their executions. cloud SCM market significantly cut down on lost product since it is easier to locate a shipment during any stage of transport.
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Global Market Insights, Inc.
Arun Hegde
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sales@gminsights.com
Source: EmailWire.Com 
Source: EmailWire.com
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