Supplier Relationship Management Software Market To Reach USD 35.1 Billion By 2032 | DataHorizzon Research [Yahoo! Finance]
International Business Machines Corporation (IBM)
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Source: Yahoo! Finance
Fort Collins, Colorado, May 10, 2024 (GLOBE NEWSWIRE) -- The use of cloud-based software services has motivated industry developments in the past. The imperative for businesses to enhance their supply chain operations is a pivotal driver for the supplier relationship management (SRM) software market. SRM software empowers organizations to streamline processes, curtail costs, and bolster supplier collaboration. As per a report by the World Economic Forum, digital transformation within the supply chain sector has the potential to unlock USD 1.5 trillion in value by 2025. A study by the MIT Center for Transportation and Logistics revealed that companies equipped with advanced supply chain capabilities attain 50% higher revenue growth and 20% higher profitability than their counterparts. Furthermore, the growing adoption of cloud-based SRM solutions is another significant market growth catalyst. Cloud-based SRM software offers scalability, flexibility, and cost-effectiveness, rende
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