The expansion of industries provides a better opportunity for the growth of the supplier management market because supply management will be required to increase the industry’s productivity. During the forecast period, this factor is expected to drive the potential growth of the supplier management market.
Additionally, as an organization’s data and information grows, so does the responsibility to manage it, which can be accomplished with the help of supplier management. As a result, during the forecast period, as any industry grows, the demand for supplier management will grow as well, resulting in the growth of the supplier management market. Globalization is another important factor in the supplier management market.
Supplier Management Market: Key Players
Some of the key players of the supplier management market are JDA Software Group Inc., Intelex Technologies, Oracle Corp., SAP AG, Epicor Software Corp., SLA, Lasta Inc., Generix Group, Zycus Inc., Neocase Software, Computer Sciences Corp. (CSC) CloudSRM, Biznet Solutions Ltd., and Whiztec Software.
In October 2015, new supplier management software was launched by Intelex Technology; it offered solution to improve supply chain network at the subsidiaries and parent levels owing to supplier chain management market.
Supplier Management Market: Segmentation
The Supplier Management Market can be segmented as:-
Segmentation of Supplier Management Market on the basis of type:-
- Vendor Onboarding
- Vendor Risk
- Financial Control
Segmentation of Supplier Management Market on the basis of end-user:-
- Transportation & Logistics
- Financial sectors
- Government sectors
Segmentation of Supplier Management Market on the basis of enterprises:-
- SMEs (Small and Medium Enterprises)
- Large Enterprises
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