Whether it's detecting unusual or sudden spikes in demand, automating the ordering process, ensuring effective stock utilization pr making warehouses more efficient, software has been playing an important role in supply chain management for decades. As they became more global and complex, the world s supply chains are demanding more advanced applications to run on. Technology vendors are responding by tweaking existing solutions and introducing new software platforms designed to meet those needs. The introduction of Cloud computing- a supply chain management(SCM) sector that's growing by 14.3% a year and expected to reach $7.03 billion by 2023- has made software solutions accessible to a broader swath of companies. This effectively democratized applications used to manage transportation ( TMS), warehousing (WMS), global trade (GTM) and procurement, among other functions. In recent years, these applications evolved along with user needs and began tackling bigger challenges, shielding against new risks and offering new ways to improve efficiencies. When the global COVID-19 pandemic emerged in 2020, taking main of the world s supply chains down along with it, companies turned to software to get their networks back up and running.
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