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If your company is in the distribution business, the distribution software functionality of an ERP will be of great interest to you.
While this is a standard functionality for ERPs, you can find that it is not robust enough especially if your distribution practice is complex.Choosing the right application can help you solve all your problems and introduce greater efficiency in the business.
Let us see about the major problems and solutions for distribution firms.Aligning with demandAs a distributor, the main challenge that you face is aligning all your business resources towards the demand that you have.
You need great agility in your company to scale your operations up to meet the increasing demand or scale down at times when there is a lull in the market.This nimbleness is possible only when all your supply chain partners and managers are empowered when the latest and complete information is available to them at all times.
A web based ERP software solution allows access to this information from anywhere and at any time.
If you are not aware of your inventory status, you cannot make informed purchasing decisions and run a proactive sales operation.When you have multiple store locations it becomes tougher to maintain this visibility over a period of time.Selecting an ERP application that has automated inventory management features with support for multiple inventory locations will help you manage your inventory better.Such an automated environment will be a boon to you if you assemble your products before distributing them as the kitting process is faster and accurate without any material issues.
According to new market research report on "In-Memory Analytics Market by Component (Software, Services), Application (Risk Management & Fraud Detection, Sales & Marketing Optimization, and Financial Management), Deployment, Organization Size, Vertical, Region - Global Forecast to 2022", The in-memory analytics market size is expected to grow from USD 1.26 Billion in 2017 to USD 3.85 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 25.1%.The key forces driving the in-memory analytics market include the digital transformation using real-time analytics, technological advancement in computing power, growing data volume, and demand for self-service Business Intelligence (BI) tools.Browse and in-depth TOC on “In-Memory Analytics Market”72 - Tables40 - Figures154 - Pages Request PDF Brochure@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=148739205 North America is expected to constitute the largest market share; Asia-Pacific (APAC) to grow at the highest CAGRNorth America is expected to continue its dominance in terms of market share throughout the forecast period.
Early adoption of new & emerging technologies and large number of in-memory analytics vendors in the region would help consolidate the majority of revenues in the market.
Owing to the growing technology expenditures in countries, such as China & India and the demand for cost-effective analytical software & services among Small and Medium-Sized Businesses (SMBs) would drive the market growth during forecast period.Risk management and fraud detection application segment is expected to constitute the highest market share during the forecast periodThe organizations implement in-memory analytics solutions to enhance risk intelligence capabilities to fight with operational and financial risks.
The risk management and fraud detection solution helps identify, monitor, analyze, and control risks.Speak To Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=148739205In-memory analytics software component is expected to contribute the largest market share in 2017Among components, the in-memory analytics software is expected to continue its dominance throughout the forecast period.
In-memory analytics solution empowers the user to perform quick data analysis and achieve real-time insights from the stored data.
The falling Random Access Memory (RAM) prices and technological advancements in computing power have propelled the adoption of in-memory analytics software among end-users.The major vendors providing in-memory analytics software and services are SAP SE (Walldorf, Germany), MicroStrategy Incorporated (Virginia, U.S.), Kognitio (Berkshire, England), SAS Institute, Inc. (North Carolina, U.S.), Hitachi Group Company (Tokyo, Japan), ActiveViam (London, UK), Oracle Corporation (California, U.S.), IBM Corporation (New York, U.S.), Information Builders (New York, U.S.), Software AG (Darmstadt, Germany), Amazon Web Services (Washington, U.S.), Qlik Technologies, Inc. (Pennsylvania, U.S.), ADVIZOR Solutions (Illinois, U.S.), and EXASOL (Nuremberg, Germany).About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.
