Gain an Insight into How Supplier Relationship Management Software Supports Manufacturing Strategies.DUBLIN Dublin, city, Republic of Ireland Dublin, Irish Baile Átha Cliath, county borough (1991 pop. 915,516), Leinster, capital of the Republic of Ireland, on Dublin Bay at the mouth of the Liffey River. , Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c50581) has announced the addition of "SRM (1) (Storage Resource Management) The management of the storage resources in an organization in order to avoid duplication of files and to determine space utilization across all servers. Supports Supply Chain Development (Technology Focus)" to their offering. As the demand for more advanced supplier relationship management (SRM) functionality starts to develop, IT vendors are increasingly bringing to market software that seeks to provide that needed functionality. SRM can generally be broken down into two key segments: transactional and analytical analytical, analytic pertaining to or emanating from analysis. analytical control control of confounding by analysis of the results of a trial or test. SRM. This brief analyses how SRM can support manufacturers. Scope of this title: * Looks at supplier relationship management software and how it supports manufacturing strategies * Covers manufacturing from a top-level, global viewpoint, and forecasts the revenue opportunity within 16 sub-verticals Highlights of this title: * Transactional SRM is focused on the automation of relatively high volume, low variation processes within key areas such as procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. and contract management. Because of the nature of these interactions, automation provides a significant reduction in the rate of error along with increased gains from data structure commonality com·mon·al·i·ty n. pl. com·mon·al·i·ties 1. a. The possession, along with another or others, of a certain attribute or set of attributes: a political movement's commonality of purpose. and faster throughput The speed with which a computer processes data. It is a combination of internal processing speed, peripheral speeds (I/O) and the efficiency of the operating system and other system software all working together. 1. Reasons to order your copy: * Understand how SRM technology supports supplier-related strategies within manufacturing companies * Assess the revenue opportunity for SRM solutions across 16 manufacturing industries manufacturing industries npl → industrias fpl manufactureras manufacturing industries npl → industries fpl de transformation Topics Covered OUR VIEW CATALYST SUMMARY METHODOLOGY ANALYSIS Transactional SRM focuses on process automation and cost reduction Procurement is often the starting point Noun 1. starting point - earliest limiting point terminus a quo commencement, get-go, offset, outset, showtime, starting time, beginning, start, kickoff, first - the time at which something is supposed to begin; "they got an early start"; "she knew from the for an SRM implementation Contracts remain the binding agent for supplier relationships Analytical SRM seeks to drive growth through business intelligence The core of any SRM strategy is spend analysis Strategic sourcing has grown in popularity among manufacturers The rationalization rationalization, in psychology: see defense mechanism. of suppliers can reduce risk and enhance leverage Discovering new suppliers is supported through a number of different possibilities Risk management is a growing demand for manufacturers investing in SRM Keeping track of supplier performance can help manufacturers seek out bad apples The market for SRM software in the manufacturing industry is growing, but remains small At a global level, manufacturers are increasing their spend on SRM software Discrete manufacturers are investing the most in SRM software The high-tech industry leads the way for SRM investment Pharmaceutical manufacturers spend the most out of batch industries Process manufacturers spend significantly less on SRM software than other industries APPENDIX Definitions Extended methodology Further reading Ask the analyst List of Tables Table 1: Global market for procurement software Procurement software is business software that helps to automate the purchasing function of organizations. Activities including raising and approving purchase orders, selecting and ordering the product or service, receiving and matching the invoice and order, and paying the bill is in the MFG MFG Manufacturing MFG Manufacturer MFG Mit Freundlichen Grüßen (German: With Best Regards) MfG Mitfahrgelegenheit (German) MFG Marithe Francois Girbaud (French clothing company) industry ($m, 2003-2010) Table 2: MFG industry investment in procurement software ($m, 2005) Table 3: Global SRM software license revenue by region ($m, 2004-2010) Table 4: Global SRM software license revenue by MFG industry ($m, 2004-2010) Table 5: Global SRM software license revenue by discrete industry ($m, 2004-2010) Table 6: Global SRM software license revenue by batch industry ($m, 2004-2010) Table 7: Global SRM software license revenue by process industry ($m, 2004-2010) List of Figures Figure 1: The minority of procurement processes are currently automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. 2006 survey Figure 2: Global market for procurement software in the MFG industry ($m, 2003-2010) Figure 3: MFG industry investment in procurement software ($m, 2005) Figure 4: Spend analysis looks at both internal and external procurement Figure 5: Global SRM software license revenue by region ($m, 2004-2010) Figure 6: Global SRM software license revenue by MFG industry ($m, 2004-2010) Figure 7: Global SRM software license revenue by discrete industry ($m, 2004-2010) Figure 8: Global SRM software license revenue by batch industry ($m, 2004-2010) Figure 9: Global SRM software license revenue by process industry ($m, 2004-2010) For more information visit http://www.researchandmarkets.com/reports/c50581 Source: Datamonitor |
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