The entire business benefits with higher performance, greater cost-efficiency, and thus increased supply chain efficiency.
Such tools often attempt to balance the disparity between supply and demand by improving business processes and using algorithms and consumption analysis to better plan future needs.
[1] SCMS also often includes integration technology that allows organizations to trade electronically with supply chain partners.
[2] SCMS adoption is growing faster than the broader enterprise application software market.
[3] While premises-based software was still more widely used than SaaS solutions for SCMS in 2014, Gartner projects that about two-thirds of the growth in SCMS adoption between 2015 and 2018 will be based on the SaaS subscription model: driven by a growing realization of the benefits of cloud-based services, the SaaS-based SCMS market grew by about 24 percent in 2014 and is projected to continue to grow at a 19 percent compound annual growth rate (CAGR), reaching $4.4 billion in annual sales by 2018.