In
current times, the industrial sector has encountered many challenges
such as economic uncertainty, changing consumer purchasing patterns,
short-lived product lifecycles, increased product choices, and
stricter compliance stipulations.
With
altering consumer preferences and unpredictable buying patterns, both
retailers and suppliers are stocking limited inventory, which in turn
creates supply chain delays. In such a scenario, retailers are also
facing a challenge to optimize the supply chain network, manage
several suppliers for a multitude of sales channels all over the
world, and keep a check on logistics costs.
Browse
Market Research Report of Smart and Mobile Supply Chain Solutions
Market:
http://www.transparencymarketresearch.com/smart-mobile-supply-chain-solutions-market.html
What
is the best way, then, to enhance supply chain visibility and improve
its efficiency? In the last 10 years, the ubiquity of smart mobile
devices has dramatically propelled organizations in this area.
Today’s enterprise mobility tools provide unparalleled supply chain
visibility and transparency, thus empowering enterprises to address
concerns in the entire value chain.
Technology
and High-Speed Communication Medium form the Basis of Mobile Supply
Chain Systems
Internet-based
retail supply chain outsourcing tools allow companies to efficiently
manage complex supply chains by simplifying operations. The use of
advanced technology enables major market players to reduce costs and
optimize supply chain management.
Such
solutions allow enterprises to leverage flexible ‘what-if’
analyses and effective feedback for the best possible synchronization
of activities throughout the supply chain. Hence, it paves the way
for an increase in revenue, minimized cycle times, enhanced forecast
precision, optimized inventory, higher production efficiency, higher
benefits from transportation savings, and improved customer
satisfaction.
Thus,
mobile supply chain solutions are the smart way for enterprises to
reap a range of advantages and offer efficient, economically viable
solutions. Owing to such attributes, the global smart and mobile
supply chain solutions market is estimated to grow at a CAGR of 13.2%
from 2014 to 2020, forecasts a new market study by Transparency
Market Research (TMR).
Retail
and manufacturing sectors account as the largest end users of smart
and mobile supply chain solutions, with the former holding 18.5% and
the latter holding 18.4% of the market in 2013.
Browse
Market Research Press Release of Smart and Mobile Supply Chain
Solutions Market:
http://www.transparencymarketresearch.com/pressrelease/smart-mobile-supply-chain-solutions-market.htm
Analysts
take into account the factors that influence the smart and mobile
supply chain solutions market; here’s a lowdown:
Increasing
need for agile warehouse management and fluctuating fuel prices
worldwide will account for the significant growth of connected
transportation management systems (TMS) and connected warehouse
management systems (WMS) in the coming years.
Rising
demand for integrated supply chain solutions in logistics and retail
will drive demand for smart and mobile supply chain solutions in next
few years.
Sophisticated
IT infrastructure and flourishing organized retail sector account for
North America and Europe’s dominance in the market in 2013.
Globalization
and large business volumes will lead emerging markets in Asia Pacific
and Middle East to register high demand for advanced supply chain
management solutions.
Strong
economic growth combined with modernization of manufacturing and
retail sectors in emerging nations in Asia such as China and India
will drive demand for smart and mobile chain solutions.
Supply
chain solutions employed by developed economies in North America are
setting the standards for economies around the world to observe and
adopt.
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