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Article: How hot is supply chain visibility software? How about a 53% CAGR rate through 2006? (Technology: application software).
- Article from:
- Frontline Solutions
- Article date:
- September 1, 2002
CopyrightCOPYRIGHT 2002 Advanstar Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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A greater need for supply chain visibility has led to a dramatic growth in the supply chain process management (SCPM) software market, defined by the ARC Advisory Group, Dedham, Mass., as a combination of supply chain event management (SCEM) and supply chain performance management software.
On top of an 83% growth between 2000 and 2001, ARC predicts that the SCPM market will increase almost tenfold--from $170 million in 2001 to more than $1.4 billion in 2006--for a compound annual growth rate (CAGR) of 53% through 2006.
SCPM is used to identify and resolve problems in real-time, bridging the gap between supply chain planning and supply chain execution ...