DUBLIN, September 11, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/p6slrl/global_warehouse) has announced the addition of the "Global Warehouse Management Systems (WMS) Market 2014-2018" report to their offering.
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WMS enables optimization of the management and storage of products and items in a warehouse; it is an integral part of SCM in enterprises. Inbound and outbound logistics and warehousing of raw materials from the supplier to the manufacturing site and then of the finished goods to other locations or to end-customers are managed by using WMS solutions. WMS helps reduce inventory cost as it improves inventory accuracy. This helps in the proper scheduling of work flow and utilization of space for various products. Sometimes WMS is implemented along with ERP software, which enables enterprises to perform better product-related planning.
The analysts forecast the Global WMS market will grow at a CAGR of 16.7 percent over the period 2013-2018.
The Global WMS market can be categorized on the basis of deployment model into two segments: On-premises and On-demand (SaaS-based). It can also be segmented based on pricing model into three types. WMS solutions are increasing in popularity because organizations need to reduce lead time and increase the speed of the product delivery process to end-customers.
The report, the Global WMS Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas and the EMEA and APAC regions; it also covers the Global WMS market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
The emergence of Software as a Software (SaaS)-based on-demand WMS is one of the major trends in this market. Small vendors compete against large enterprises for a larger market share. To deal with the intense competition, enterprises are adopting low-cost cloud technology, which provides them with a distinct competitive advantage. Also, the demand for Radio Frequency Identification (RFID)-based solutions is increasing due to the presence of organizations such as SAP. There has also been increased consolidation in the market, after the market witnessed the departure of many firms.
According to the report, one of the key factors driving the market is the need for companies to reduce the extra costs related to the manufacturing process. By implementing a suitable WMS, companies can improve customer satisfaction and reduce production, labor, inventory storage, and handling costs.
Further, the report states that one of the main challenges is the high deployment cost. The high implementation costs inhibit enterprises from adopting a WMS. End-users are aware of the benefits of technologically advanced applications and their operational efficiencies; however, they are hesitant to deploy these systems due to the high initial investment. It is essential for a WMS to be regularly upgraded to incorporate recent advances, making the software costly.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key Topics Covered:
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
04. Market Research Methodology
05. Introduction
06. Market Landscape
07. Market Segmentation by Deployment Model
08. WMS Pricing Model
09. Geographical Segmentation
10. Key Leading Countries
11. Buying Criteria
12. Market Growth Drivers
13. Drivers and their Impact
14. Market Challenges
15. Impact of Drivers and Challenges
16. Market Trends
17. Trends and their Impact
18. Vendor Landscape
19. Key Vendor Analysis
20. Other Reports in this Series
Companies Mentioned:
For more information visit http://www.researchandmarkets.com/research/p6slrl/global_warehouse
Media Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net
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