Supply Chain Optimization Market Scope
Rising data flow rates, as well as the ongoing need for a unified cost-cutting solution, are expected to drive demand for supply chin optimization solutions across industry verticals. Supply chain optimization means operating supply chain at peak efficiency the goal is to provide products to customers at the lowest total cost while making the most profit. This includes optimising inventory placement within the supply chain and minimising operating costs such as manufacturing, transportation, and distribution costs. Optimization frequently involves the use of mathematical modelling techniques with computer software. It is frequently considered a subset of supply chain engineering, though the latter is primarily concerned with mathematical modelling approaches, whereas supply chain optimization can also be accomplished through qualitative, management-based approaches.
|Unit||Value (USD Million)|
|Key Companies Profiled||Apple (United States), Deloitte Consulting (United Kingdom), Bain and Company (United States), Cognizant (United States), McKinsey & Company (United States), KPMG Advisory (Netherland), Genpact (United States), IBM (United States), Microsoft (United States), Accenture Consulting ( Ireland), Infosys Consulting (United States), Tata Consultancy Services (India), Oracle Consulting (United States), Capgemini Consulting (France) and Boston Consulting Group (United States)|
The market is highly competitive, with major key players such as IBM, Microsoft, and Oracle consulting leading the market and holding a significant market share. To achieve a global presence, the companies are expanding their operations through mergers and acquisitions and launching new services. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Supply Chain Optimization market throughout the predicted period.
Apple (United States), Deloitte Consulting (United Kingdom), Bain and Company (United States), Cognizant (United States), McKinsey & Company (United States), KPMG Advisory (Netherland), Genpact (United States), IBM (United States), Microsoft (United States), Accenture Consulting ( Ireland), Infosys Consulting (United States), Tata Consultancy Services (India), Oracle Consulting (United States), Capgemini Consulting (France) and Boston Consulting Group (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Booz Allen Hamilton, CGI Group, PricewaterhouseCoopers Advisory, Ernst & Young Advisory and Axis Global Logistics.
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of Global Supply Chain Optimization market by Type and Region with country level break-up.
On the basis of geography, the market of Supply Chain Optimization has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). region held largest market share in the year 2021.
Market Leaders and their expansionary development strategiesIn February 2022, Deloitte Consulting announced that it had acquired NTC to Transform the Media Supply Chain. Deloitte consulting has acquired substantially all of the assets of National Teleconsultants LLC (NTC), a leading technology firm with deep engineering expertise in the media and broadcast domains., and In March 2022, Accenture Acquires Alfa Consulting, Expands Supply Chain Capabilities in Capital Intensive Industries. Alfa Consulting is a consulting firm that specialises in capital-intensive operations strategy. Accenture's capabilities for assisting clients in Spain, Portugal, and México in transforming their supply chains to be more resilient, responsive, and sustainable are strengthened by the acquisition.
In June 2021, SAP Business Network, which will bring together Ariba Network, SAP Logistics Business Network, and SAP Asset Intelligence Network, is the first step toward creating the world's largest business network. Being a part of this connected community will benefit over 5.5 million organisations. and In April 2021, Locus launches NodeIQ to optimize strategic supply chain decisions and improve customer profits. NodeIQ automates strategic supply chain decisions affecting four critical areas: flow, location, inventory, and strategic sourcing. Users can use NodeIQ to optimise the movement of goods, from raw materials to finished product delivery, as well as identify optimal facility locations to address supply and demand gaps, optimise stock levels, and improve strategic sourcing.
Supply Chain Optimization Market Dynamics:
|Trends Influencing Market|
- Advancement of technology such as Artificial Intelligence and machine learning in the supply chain technology
- The rise of e-commerce and need for the efficient supply chain optimisation
- Increasing cyber threat attacks and data security concerns restrict the market growth
- Lack of skilled personnel hampers the market growth
- Increasing adoption of cloud-based supply chain analytics
- Increasing organisational awareness of supply chain analytics tools opens up tremendous opportunities for the market
Key Target AudienceNew Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others