TechNavio today launched its report Global Supplier Relationship Management Software Market 2011-2015 based on an in-depth analysis covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio’s Enterprise Computing team said: ”It is evident that supply chains have become very complex over the last few years. Many suppliers are doing business with customers in different industries across the world. It becomes very difficult to track the performance of suppliers operating worldwide. Supplier performance management (SPM) is the set of processes that enables enterprises to effectively measure the performance and thereby help in improving the performance of suppliers. With the help of SPM applications, the organizations can have better visibility of supplier performance and reduce supply chain-related errors.”
According to the report, the enterprises in the Manufacturing sector introduced the concept of supplier relationship management (SRM), because of the huge losses faced due to inventory-related errors. Currently, manufacturing enterprises are using SRM software for real-time interaction with suppliers and reducing inventory-related errors. It detects the inventory deficiency automatically and sends signals to suppliers in order to address it. Since suppliers are also connected to the system, they can fulfill the order in real-time. Also, in the period of low supplier commitment, the organizations can locate new suppliers and negotiate the best agreements. Therefore, the organizations can interact with suppliers in real-time and can place the order much faster.
Further, the report discusses that the presence of a large number of open-source SRM vendors is one of the major challenges faced by the Global SRM Software market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-supplier-relationship-management…
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic market research reports on niche and emerging technologies. For more information on our Enterprise Computing market research, please visit https://www.technavio.com/enterprise-computing
Follow us on Twitter @ Technavio
TechNavio Announces the Publication of its Research report – Global Supplier Relationship Management Software Market 2011-2015
