According to IMARC Group’s latest report, titled “SaaS-based SCM Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,”.
Looking forward, IMARC Group expects the global SaaS-based SCM market to continue its strong growth during the next five years.Software-as-a-Service (SaaS)-based SCM (Supply Chain Management) is a software application used for on-premise and on-cloud management of supply chain processes.
The software keeps the record of the inventory and automatically re-configures business processes with the changing requirements.
It also helps in reducing capital expenses and operating costs, enhancing productivity, mitigating duplication, and standardizing processes.
As a result, SaaS-based SCM is widely employed for sourcing and procurement, demand and operations planning, and management of inventory, warehouse, order and transportation.Request for a free sample copy of this report: https://www.imarcgroup.com/saas-based-scm-market/requestsampleMarket TrendsThe rising digitization trends have led to the adoption of automated and pre-programmed machinery by several manufacturers to minimize overhead costs and production time.
Furthermore, the increasing use of SaaS-based SCM tools for enabling constant monitoring and operational security across organizations is driving the market growth.