A recent report from AMR Research found the supply chain management software market is expected to grow 5% in 2004, from $5.24 billion in 2003 to $5.5 billion in 2004. "An obsession with cost cutting and asset utilization has evolved into a focus on innovation and creating an ability to capitalize on the variability of demand," said Kevin O'Marah, vice president of research at AMR Research. "Using technology to leapfrog the competition, reinvigorate growth channels, and provide shareholder value is the new earmark for supply chain savvy enterprises."
The report also found consolidation is accelerating, especially among supply chain execution vendors, in order to broaden functional footprints, deepen vertical-specific expertise, and expand geographic coverage.
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