Competition in the supply chain space is intensifying...

Bad news and good news: A market survey done by Frost & Sullivan recently about SCM market shows that competition has become more and more intesifying.The market for supply chain management (SCM) is increasingly gaining momentum with the introduction of RFID technology and the retail expansion happening around the globe. Also, there are signs of consolidation in the supply chain space due to the evolution of software suites, which are cost-effective and have minimal integration issues."Competition in the supply chain space is intensifying mainly after the entry of ERP vendors, who provide end-to-end solutions which incorporate SCM functionalities within them," notes Frost & Sullivan Research Analyst, Raja Srinivasan. "The fragmented market is entering into a consolidation phase which is evident from the recent mergers and acquisitions and this trend is expected to continue in the near future."This is good news for companies looking for partner in supply chain solutions because they can enjoy their increased bargaining power and also improved quality of service provided by SCM solution providers.