Global Supply Chain Analytics Market Witnesses Robust Growth Due to Increasing Manufacturing Activities

Supply chain analytics (SCA) are extremely important for organizations to operate efficiently and effectively. It is system that smoothens the process of tracking the transfer of products or services from supplier to customer. These systems include information about people, organizations, resources, and activities to turn raw materials into the desired output. It operates on a hierarchy of manufactures, suppliers, retailers, wholesalers, and customers.

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Accuracy in Forecasts is the Biggest Advantage of Supply Chain Analytics

Every organization that engages in manufacturing processes, product re-engineering, developing products, re-sourcing, and low cost country sourcing (LCCS) needs an efficient supply chain analytics system. It gives the organizations timely insights that help them achieve set objectives, important in reaching the eventual corporate goals. The biggest advantage of employing SCA in an organization is better forecasting and minimization of material wastage, to speed up time-to-market for services, release of cash by reducing inventory, optimized service levels, and support network reconfiguration. Supply chain analytics are used in several areas such as manufacturing, automotive, high-tech electronics, aerospace, life sciences, consumer packaged goods (CPG), healthcare, and retail, among others.

Manufacturing Activities in Middle East and Asia Pacific to Boost Global SCA Market

The global supply chain analytics market has been segmented on the basis of solutions, services, deployments, and geography. The solutions in the global supply chain analytics market are logistics and transportation analytics, procurement and planning of supply chain, manufacturing analytics, operating and sales planning, and reporting and visualization tools. The services offered in this market are professional,...