target audience: TECH SUPPLIER Publication date: Sep 2024 - Document type: Market Analysis Perspective - Doc Document number: # US52229424
Market Analysis Perspective: Worldwide Warehouse Management Systems, 2024
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Abstract
This IDC Market Analysis Perspective (MAP) summarizes key trends in the worldwide warehouse management systems market. According to Roderick Gaines, research director, Warehousing, Inventory, and Order Management at IDC, "Supply chains aren't just physical anymore, they're also digital, and there is no one-way approach to inventory management. The correct solution, however, requires an infrastructure that enables goods to be transferred and managed through channels that provide full visibility inside the supply chain. Inventory management is vital for a variety of purposes. It prevents problems associated with excess or not enough product, keeps customer satisfaction high, builds brand recognition, and naturally generates more revenue."
The ability to track inventory in real time gives companies the advantage over companies that choose to remain with standalone software. Because cloud-based solutions allow all the company's data to be stored securely and centrally and provide access from anywhere, decision-makers can respond more quickly and solve inventory issues. With a cloud-based option, companies can have inventory anytime, anywhere, and any place. Companies can build a more resilient supply chain by investing in data management and analysis capabilities when using the cloud.