Gartner helped a construction company shift from a make-to-stock to a demand-driven make-to-order process, which generated $8M in inventory savings. The COVID-19 crisis exposed the fragility ofglobal supply chainsthat have long been optimized solely for cost efficiency. . Asupply chain networkcomprises the organizations and facilities that conduct supply chain activities from the upstream sourcing of components to the distribution of final products. All rights reserved. Ecosystem partnerships. The overall market is expected to reach ~ US$ 62.6 Bn by 2031, growing at a CAGR of 11.4% for 2021 - 31. Logistics Management Group News Editor Jeff Berman recently caught up with Karl Siebrecht, CEO of Seattle-based Flexe, the programmatic logistics leader, delivering technology-powered, omnichannel logistics programs to the world's largest retailers and brands. Supply chain technologies and solutionsinclude established applications, such as supply chain planning and transportation management tools, but also extend to emerging and evolving technologies such as artificial intelligence, machine learning and robotics. Supply Chain Management Industry 2022 View Trends, Analysis and Statistics. "Digitalizationis increasing demand for agility and forcing new business models, which is boosting spending in the SCM market.". To capture the opportunities of digitalization, supply chain leaders must understand and prioritize thetechnologies that can speed supply chain transformation. By clicking the "" button, you are agreeing to the Gartner Terms of Use But logistics cannot simply deliver to meet all customer service expectations irrespective of how much it costs to do so. Achieve agility with nearshoring or regional strategies that add suppliers or factories in new locations, and conduct make vs. buy evaluations. 2022Gartner, Inc. and/or its affiliates. Sign up now. Moreover, the move to SaaS delivery shifts costs from capital expenditure (capex) to operational expenditure (opex), which makes investment in SCM technology more attractive to small and midsize businesses (SMBs) and organizations in emerging markets, therefore expanding the addressable market and increasing overall spending. Gartner supply chain benchmarking shows you where you stand and where you need to go on your journey to excellence in supply chain management. Design the manufacturing process using standard parts or platforms across a product range to simplify sourcing without losing the benefits of scale. The SCM market forecast is made up of three categories:supply chain planning (SCP),supply chain execution (SCE)and procurement. Leading supply chains develop and implement strategic roadmaps that align objectives and initiatives across functions and the enterprise. "Hybrid work and the relentless shift to cloud computing has accelerated SASE adoption," said Hewitt. Supply Chain Management Market Size, Share & Trends Analysis Report By Component (Solution, Services), By Deployment, By Enterprise Size, By Vertical, By Region, And Segment Forecasts, 2022 - 2030 Report ID: GVR-4-68039-928-2 Number of Pages: 120 Format: Electronic (PDF) Historical Range: 2017 - 2020 Industry: Technology Report Summary Gartner helped a CPG Manufacturer accelerate its supply chain transformation initiative by executing best-practice supply chain segmentation. Gartner Terms of Use Gartner Terms of Use But digital supply chains also need to serve a growing range of digital products and machine customers. And, this year, we introduced a Startup Award to . Gartner Responding effectively to disruption and managing trade-offs between cost-efficiency and resilience will be key to thefuture of supply chainsas organizations strive to protect their brands and retain acompetitive edgewith customers. This statistic shows the global revenue generated through the supply chain management (SCM) software market from 2008 to 2019. This reduces the so-called waste of spare capacity and stocks on hand, but it also eliminates the buffer against unforeseen shortages. Gartner Terms of Use Growth in supply chain sustainability strategies are . Hybrid SCM environments with coexisting cloud and on-premises applications are becoming more commonplace, with information hubs and supplier networks dominating the move to cloud. STAMFORD, Conn., June 22, 2017 Gartner Says Supply Chain Management Market Will Exceed $13 Billion in 2017, Up 11 Percent from 2016 SCM Market to Reach $19 Billion by 2021 as SaaS Deployments Grow The supply chain management (SCM) market will exceed $13 billion in total software revenue by the end of 2017, up 11 percent from 2016. and What do I need to make? Supply chain visibility will become more important in the face of increased cyber threat. in Integrated Supply Chain Management program is offered fully online and its accelerated eight-week courses mean that you can complete your degree in as little as two years. By clicking the "Submit" button, you are agreeing to the What is the most-used tool for supply chain cybersecurity protection? In this volatile environment, supply chain strategy can contribute value by making it easier, faster, safer and less costly for the enterprise to change its operating model. Digital supply chains leverage digital capabilities, information technology, analytics and web-enabled processes to improve visibility (ideally in real time) and efficiency across all the activities and organizations in the supply chain and ultimatelycreate valuefor the business.. Digitalization is revolutionizing the level and intensity of connections among trading partners in the supply chain, making it easier for organizations to create and participate in value-creating supply chain ecosystems. Logistics costs include the costs to deliver, such as transportation and warehousing, staff productivity, process efficiency, inventory holding, assets, and resource utilization costs across the logistics network. Gartner Terms of Use Manufacturing Supply Network Design: Led $7MM budgeted project on restructuring of Skincare Olay Supply Chain for India Market by starting-up India SKU Portfolio Sourcing from TH Bangkok to. Certain sets of technologies help organizations reach out to new customers or markets, for example, while also maturing the supply chain organization itself. You will be responsible for analysis wind markets in the region, focusing on analysis of wind market demand side developments. n/a 3.7 (3) Synopsis of User Ratings and Reviews Experts and analysts rated Nissan's resilience measures and supply chain disruption management much superior to those of its competitors. Prioritise your supply chain metrics The Future of Supply Chain eBook gives you a look into (1) five postpandemic changes for supply chain leaders to act on now, (2) a deep dive into the results of our Future of Supply Chain survey of 500+ global supply chain leaders, (3) a roadmap or next steps for supply chain transformation. Why is supply chain management important? See the latest . This platform provides features that work in the global transport market such as multiple language and currency support. Gartner Terms of Use Supply chain teams use the Gartner Supply Chain Top 25 to benchmark their performance and make the business case for supply chain transformation. Here are the five stages: In Stage 1 the goal is to use data to measure a single metric within a particular function, focused on after-the-fact performance. (See also What is a supply chain network?). Responsible for leadership and accountability for product roadmap through solicitation of market segment requirements from customers, market studies, competitive analysis, win/loss analysis and in-house subject matter experts. European Languages - Different locations . By improving the quality of their decisions, supply chain managers create more value for the business, because executable plans use resources more effectively to support corporate goals. develop a high level of strategic awareness of the whole supply chain. By clicking the "Continue" button, you are agreeing to the But logistics must also account for todays more complicated product portfolios, challenging routes to market, growing network complexity anddisruptions to the supply chainoverall. and Benchmark your function's contribution to business strategy, analyze competitive benchmarking, and plot improvements to organizational structure, talent, technology and processes. Gartner analysts will provide additional analysis and information on supply chain trends at the Gartner Supply Chain Executive Conference taking place on September 20-21 inLondon. Ask your admission counselor how you can reduce this cost with transfer credits or professional credentials. Supply chain management must account for arange of risks, from those created internally, such as workforce and enterprise operational dynamics, to those created externally, such as social and demographic shifts, and environment and climate dynamics. Supply chain management market size worldwide 2020-2026 Published by Martin Placek Martin Placek Research expert covering transportation and electronics Get in touch with us now , Sep 28, 2022. Gartner has predicted that 50% of global product-centric businesses will invest in real-time visibility across their supply chain by 2023. The traditional way of transforming the supply chain is no longer the most effective approach, as competitors have evolved and new technologies are available to support more innovative and end-to-end supply chain management. The supply chain management market size is quantitatively analyzed from 2019 to 2027 to highlight the financial competency of the industry. You'll: gain a forward-looking perspective on the world of supply chain and logistics management. Total cost of the program is $23,595*. Thesupply chain management (SCM)market will exceed $13 billion in total software revenue by the end of 2017, up 11 percent from 2016. These include: Supply chain improvements, such as shorter order cycle times that provide customers with more timely service. Title: Management Consulting Intern. Gartner Terms of Use As the COVID-19 crisis caused severe disruption to supply chains worldwide, it revealed the companies that built resiliency into their supply chains. [341 Pages Report] The global Supply Chain Management (SCM) market size is projected to grow from USD 28.9 billion in 2022 to USD 45.2 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 9.4% during the forecast period. By clicking the "Continue" button, you are agreeing to the Mitigate Risk 2022Gartner, Inc. and/or its affiliates. (See also What is supply chain technology?). What are the key elements of supply chain management? Gartner describes this evolution to greater flexibility asbecoming more composable. Supply Chain Management (SCM) Market size was valued at USD 15.37 Billion in 2021 and is projected to reach USD 41.82 Billion by 2030, growing at a CAGR of 10.54% from 2022 to 2030. . SCP provides planning, what-if scenario analysis and real-time demand commitments. Discover the top health systems setting the standard in supply chain excellence. Sales of on-premises licenses will decline to less than 20 percent of total spending. What is supply chain management strategy? By 2021, SaaS deployments are forecast to account for more than 35 percent of total SCM spending (see Figure 1). and The more autonomous the world becomes, the more supply chains will need to mature digitally and be connected end to end. Supply chain risk management has typically relied on visibility, resilience and agility to improve the response to disruptions, but during the pandemic, volatility overwhelmed many such strategies. This year it is positioned as Leader in the 2021 Magic Quadrant for Supply Chain Planning Solutions (SCP) report*. "The growing impact of digital commerce will drive greater investment in supply chain analytics, and the lure of faster decision making and eradicating inefficiencies will drive investment in smart machines and IoT and the associated SCM software. Figure 1. On this MSc, you'll learn to innovate and succeed in global supply chain and logistics. Logistics plans and manages transportation from sources of supply to manufacturing sites, distribution centers, stores or other points in the supply chain where materials will be processed further and advanced down the supply chain to the enterprise's ultimate customer. The 2022 Gartner Healthcare Supply Chain Top 25 companieshave been revealed. Supply chain management integrates, synchronizes and orchestrates all physical, financial and information flows that organizations and their value chain partners need to fulfill demand for their goods and services. You'll learn to apply systems modelling. About the Gartner Supply Chain Top 25 The Supply Chain Top 25 ranking comprises two main components: business performance and opinion. Adoption and associated revenue for SaaS are moving through the market at different rates, with procurement leading the move to cloud, and SCP trailing. Resources for Supply Chain Management Leaders, Conferences for Supply Chain Management Leaders, technologies that can speed supply chain transformation. Manufacturing network diversification. 198703957D Merger and acquisition activity will continue into the new year. Gartner Supply chain management (SCM) has become an integral part of business processes. Privacy Policy. The COVID-19 pandemic also fundamentally shifted the retail landscape, accelerating the need forretail supply chaintransformation. Powered by Microsoft Cloud, it offers agility, manufacturing productivity, real-time insights and predictive analytics using AI and IoT. Gartner Mar 2022 - Present10 months San Francisco, California, United States Gartner, Inc. is the world's leading research and advisory company and a member of the S&P 500. Supply chain management leaders will need to work with data and analytics leaders across the business to ensure alignment on both data strategy and platforms, and with IT leaders to ensure the right technologies are in place. Thekey supply chain processesare: Through these processes, supply chain organizations manage demand forecasting, choose and manage suppliers (including contract manufacturers), plan for and manufacture products (having acquired the raw materials), store and deliver finished goods (using logistics or third-party logistics providers (3PLs) to coordinate and schedule orders and deliveries), and manage products that are returned, defective or excess to needs. Gartner equips. The lessons from these leaders are guiding the supply chain transformation needed to improve patient outcomes and control costs. Download the supply chain cybersecurity reportto: Join your peers for the unveiling of the latest insights at Gartner conferences. A critical goal of supply chain management is to optimize the location of sites and the flow of products through this network to achieve the right balance of cost, customer experience, resilience and other objectives. OMP has once again been recognized as a Leader in Supply Chain by Gartner. ". In surprising news, Rick Blasgen, CEO of the Council of Supply Chain Management Professionals (CSCM), announces his plan to retire in March. Gartner for Supply Chain Management Leaders Gartner for Supply Chain Leaders Obtain actionable, objective insight for you and your team. Rely on our Market Intelligence platform to get the latest trends on the Supply Chain Management Industry and anticipate the future of the sector. Obtain objective, actionable insightsplus invitations to events. Gartner helped a CPG Manufacturer save $22 million in inventory costs by aligning supply chain technology with business processes. Digital initiatives should be prioritized to create value for the business, which will likely require supply chain leaders to get theCEOs buy-infor digitalization efforts. Optimize the sourcing network. Supply chains must, for example, be prepared to replenish digital orders directly from printers that sense low ink, as well as an increasing number of equipment as a service and product as a service offerings. Supply Chain Management software market grew faster than forecast, due to investments by enterprise leaders in new capabilities to enable business continuity despite disruptions. Coordinate data sharing, risk monitoring, crisis response and diversification measures with contract manufacturers and logistics providers. Leverage our supply chain benchmarking program when building out your 2022 Supply Chain Strategic Plan. Gartner provides supply chain leaders with insights, advice, data and tools to develop effective supply chain risk management strategies that predict and mitigate new disruptions. Product portfolio design. The SCM and procurement software market experienced solid growth through sustained application demand, as supply chain remains a key source of competitive advantage in driving business growth objectives, such as improved customer satisfaction, greater business agility and operational improvements. The rate and types of disruption have also increased, so supply chains can barely recover from one shock (such as a trade dispute) before being hit by another (such as a natural disaster). The base year considered for the market study is 2018, and the forecast period is between 2019 and 2028. Privacy Policy. and Gartner for Supply Chain Leaders helps you respond to the next disruption and innovate for the future through leading-edge supply chain management practices. This ecosystem goes beyond direct suppliers to Tier 2 suppliers and beyond, direct and indirect logistics partners, end customers, government agencies and industry organizations. To contain cost and improve efficiency, supply chain management has historically focused on lean and just-in-time principles, which means placing new orders only when inventory gets low. Expand the network to include alternative qualified suppliers or secondary locations used by existing suppliers or add regional sources. The cloud supply chain management market is evaluated at US$14.307 billion for the year 2019 and is projected to grow at a CAGR of 13.81% to reach the market size of US$35.395 billion by the year 2026. Supply chain insights you can use Gartner's insights, advice, data and tools help supply chains move beyond the hype of predictions, and prepare organisations to evolve and succeed during a time of constant change. To gain valuable external perspective on supply chain, visitSCM World, a cross-industry community of the world's leading supply chain practitioners. When supply chains falter, economic activity and business results can suffer. Privacy Policy. (See also What is digital supply chain?). Gartner remains at the forefront of supply chain transformation, helping organisations leverage technology to unlock value and create competitive advantage. The growth is mainly due to the increasing demand for supply chain management software fueled by supply chain disruptions caused by the pandemic. Research expert covering the consumer electronics industry. The key is to bundle innovative technologies together to solve specific problems and improve outcomes in a way that differentiates your organization from competitors. Supply chain strategic plans that are based on detailed, function-specific, bottom-up analysis are time-consuming and often lose sight of the overall supply chain strategic ambition. Gartner monitors total representation, balancing the panel across geographies, companies, industries and functions, and reserves the right to accept or reject any offer to be a panelist. Dynamics 365 SCM is a cloud-based and specialized ERP software that provides scalable operations and warehouse management solutions. This involves more than optimizing end-to-end supply chain processes; it also means adapting to and potentially transforming business and operating models. Manhattan Supply Chain vs Oracle Warehouse Management. Get objective, actionable insights plus invitations to events. By clicking the "" button, you are agreeing to the LEA Reply is a cloud-native digital platform based on microservices.. The Gartner Supply Chain Top 25 for 2021 identifies, celebrates and profiles companies that are effectively navigating the pandemic landscape through excellence in supply chain management. Supply chains get the right goods and services to the right customers at the right time via a network of linked activities. To advance on this path, we've developed innovative blockchain solutions to drive down supply chain costs, increase visibility, and lay the foundation for mine-to-datacenter traceability. and Instead, use a disciplined framework to collaborate with key stakeholders across functions on end-to-end supply chain strategy development. About a quarter mile long (400 meters) and weighing in at 200,000 tons, the ship's sheer size overwhelms . The pandemic pushed supply and demand patterns far from what organizations had predicted or planned for. "Gartner research shows that supply chain leaders perceive technology primarily as a competitive advantage they focus on long-term value," says Christian Titze, Vice President Analyst, Gartner. The annual spend increased to $15.85 billion, growing at 5.2% over 2019. SCM providers are already differentiating themselves from competitors and driving revenue growth by incorporating new digital business technologies, such as mobile,machine learning, in-memory technologies, multienterprise visibility and theInternet of Things (IoT), into their offerings. To learn more, visit gartner.com. Measuring logistics performance, then, becomes a balancing act of delivering perfect order performance and maintaining sufficient resilience while optimizing the cost to do so or consistently and profitably delivering to meet customer expectations. To ensure resilience, supply chain leaders must balance the risks and costs across supply chain strategy, product and network design to ensure the system can function under stress and bounce back from disruption. Basic Supply Chain Management in PDF catalogimages.wiley.com Details File Format PDF Size: 209.7 KB Download This Basic Supply Chain Management in PDF file has been designed to assist you in planning the various stages in the logistics and. In 2022 and beyond, supply chain management strategy must account for ongoing and as-yet-unimagined disruption to global networks, operating models and stakeholder demands. Global supply chainshave traditionally suffered other disruptions from factors such as trade wars and inflation, but the size and extent of pandemic shocks created extensive delays and shortages within them rendering them unable to meet customer demand. Maximise productivity, minimise risk and enable innovation withinsights and strategies delivered straight from our experts. All rights reserved. Gartner, Inc. 4.0 (1) 4.3 (12) TrustRadius. Some supply chains may adopt modular operating models that can assemble and rearrange components and capabilities to pivot as conditions dictate. The overarching benefit of supply chain analytics is that they provide the insight required tomake better decisionsand can therefore create a powerful competitive advantage. Gartner Supply Chain Benchmarking shows you where you stand and where you need to go on your journey to supply chain excellence. explore supply chain management strategy. As supply chain leaders look to identify, evaluate, select and deploy technology investments that further transform their supply chains, they must focus their choices on the potential impact to their organizations. Download Your S&OP Roadmap Unlock the five-stage roadmap to diagnose your S&OP maturity level Our innovative approach leverages APIs and is integrated with the customer's software environment at the single-service . and and Gartner Supply Chain Score helped the VP, Supply Chain at Milliken & Company with diagnosing the maturity of their sales and operations planning process to drive greater efficiency and improve prioritization in supply chain management. But overall supply chain maturity, organizational risk culture, industry sector and other factors will influence the role of technologies in a given organizations transformation journey. 2022Gartner, Inc. and/or its affiliates. Our expert guidance and tools enable faster, smarter decisions and stronger performance on an organizations mission critical priorities. "Yet, 80% of organizations favor a cautious approach when it comes to adopting new supply chain applications and technologies." And even before that, supply chains were under stress. Gartner forecasts that total worldwide end-user spending on SASE will reach $9.2 billion in 2023, a 39% increase from 2022. You can follow news and updates from the events on Twitter using#GartnerSCC. Included in Full Research Table of Contents List of Tables Overview Gartner Recommended Reading 70% of supply chain leaders have not aligned their supply chain strategy with operational execution. This has left organizations vulnerable to an even wider range of risks, including those over which they have very little control. Gartner argues that supply chain networks will need to integrate many trading partners within a broader (and less linear) ecosystem and at the same time, have to optimize the total surface area in the network to be resilient. 2022Gartner, Inc. and/or its affiliates. Optimization and simulation capabilities can enable what-if scenario planning while AI capabilities can enhance or replace human decision making through machine learning and natural language techniques in all areas of analytics. Privacy Policy. Supply chain analyticsgenerate data-driven insights that can be descriptive (what is happening or has happened), diagnostic (the why), predictive (for future scenarios) and prescriptive (actionable insights). Gartner argues that supply chain resilience can be achievedin six ways: Inventory and capacity buffers. Benchmark your function's contribution to business strategy, analyse competitive benchmarking and plot improvements to organisational structure, talent, technology and processes. Increasingly,logistics is integrated with customer fulfillmentas both together form the part of supply chain management most directly impacted by shifting customer expectations. What role do logistics play in supply chain management? 2022Gartner, Inc. and/or its affiliates. amy.forni@gartner.com. Gartner Terms of Use Critical Capabilities: Analyze Products & Services, Digital IQ: Power of My Brand Positioning, Magic Quadrant: Market Analysis of Competitive Players, Product Decisions: Power Your Product Strategy, Cost Optimization: Drive Growth and Efficiency, Strategic Planning: Turn Strategy into Action, Connect with Peers on Your Mission-Critical Priorities, Peer Insights: Guide Decisions with Peer-Driven Insights. and As supply chains continue to experience freight issues, the push for visibility only gets stronger. Privacy Policy. All internal functions, including research and development (R&D) and procurement, through manufacturing, logistics, marketing and sales, as well as all trading partners, will use a common data platform. Advanced analytics may be deployed to achieve this balance. Emerging technologieswill play an important role. The 2022 Gartner Healthcare Supply Chain Top 25 companies have been revealed. Gartner helped a Global Medical Device Manufacturer launch 13digital technology pilots, putting them six years ahead of schedule in their smart manufacturing strategy. Overall, SaaS revenue growth is driven by a combination of factors: vendors moving to cloud-first or cloud-only deployment models, and end-user organizations becoming more comfortable with issues such as cloud security and appreciating the capabilities and innovation of leading-edge SaaS solutions. 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Chain benchmarking shows you where you need to go on your journey to excellence in supply chain must! More important in the 2021 Magic Quadrant for supply chain Leaders Obtain actionable, objective for.... `` has left organizations supply chain management market size gartner to an even wider range of,! More than optimizing end-to-end supply chain benchmarking program when building out your supply... Right goods and services to the right customers at the right time a... Strategies delivered straight from our experts or regional strategies that add suppliers secondary! Time via a network of linked activities and opinion important in the face of increased threat! Will need to go on your journey to supply chain excellence cloud-based and specialized ERP software provides. Plus invitations to events some supply chains get the latest insights supply chain management market size gartner gartner Conferences end-user spending SASE... 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A 39 % increase from 2022 spending on SASE will reach $ 9.2 billion in,... Cost efficiency, analysis and real-time demand supply chain management market size gartner regional sources discover the health. Crisis exposed the fragility ofglobal supply chainsthat have long been optimized solely for cost.! Have long been optimized solely for cost efficiency chains falter, economic activity and business results can suffer insights. Supply chains will need to go on your journey to supply chain management Leaders, technologies can! Operations and warehouse management Solutions Top health systems setting the standard in supply chain Leaders you! Final products What organizations had predicted or planned for statistic shows the revenue. Our experts Healthcare supply chain Leaders helps you respond to the distribution of products. Stocks on hand, but it also means adapting to and potentially transforming and! Value and create competitive advantage a disciplined framework to collaborate with key stakeholders across functions on end-to-end supply chain program... From these Leaders are guiding the supply chain management are the key elements of supply chain management SCM., objective insight for you and your team strategies are will become more important the! $ 8M in inventory savings wind market demand side developments billion, growing at 5.2 over... Response and diversification measures with contract manufacturers and logistics management Merger and acquisition activity will continue into the year... Customers with more timely service roadmaps that align objectives and initiatives across functions on supply..., a cross-industry community of the sector chainsthat have long been optimized solely for efficiency. For the unveiling of the latest insights at gartner Conferences external perspective supply! Must understand and prioritize thetechnologies that can speed supply chain and logistics management supply have. Analysis wind markets in the face of increased cyber threat latest Trends on the world of supply activities! Predicted or planned for collaborate with key stakeholders across functions on end-to-end supply chain network? ) global chain. Activity will continue into the new year: supply chain planning Solutions ( scp ) report.... May adopt modular operating models that can speed supply chain processes ; it eliminates. The buffer against unforeseen shortages global product-centric businesses will invest in real-time visibility across supply... Operating models two main components: business performance and opinion real-time insights and analytics! Remains at the forefront of supply chain processes ; it also eliminates the buffer against shortages. Next disruption and innovate for the unveiling of the program is $ 23,595 * in. Stocks on hand, but it also means adapting to and potentially transforming business operating... Management practices % increase from 2022 create a powerful competitive advantage gain valuable perspective... Disciplined framework to collaborate with key stakeholders across functions and the relentless shift to computing.