Tabassum Kabir
SAAS
29 January, 2024
About supply chain SaaS companies many people get confused as they don’t know what these companies do. They want to know how SaaS contributes to the supply chain.
Are you one of them? Then you will get the answer here!
SaaS solutions help a company by running their operation smoothly in the supply chain. It has made operations more efficient, improved visibility, and enhanced collaboration among teams.
Here, I will also discuss the top 10 SaaS companies for supply chain management. After going through this section, all your confusion about choosing supply chain SaaS companies will be clear.
Contents
In a simple terms, it is a cloud-based solution that offers many benefits. It contributes to increased efficiency, productivity, and cost savings for a company.
I believe that example makes everything understandable for everyone. So, let’s explore an example first together.
Think of a department store. Thousands of customers visit this store every day and buy products. From this, you get a picture of the pressure of workload on the management team.
A management team has to deal with many issues along with keeping track of stored products. Here, keeping track means the amount of stored products, how many have left, when to store new products, etc. It is impossible to record everything manually.
So what do they do to manage all the products’ records? They use supply chain management software. This software smooths the entire process of the supply chain.
If you use this software, you can simply keep track of everything. You can handle customer timelines easily. A plus point of this software is it notifies you when a product is about to end and you have to store new products.
A recent study shows that 72% of supply chain professionals believe that SaaS is essential for improving their company’s supply chain performance. (Source: Oracle)
The best way SaaS contributes to the supply chain is through the enhanced collaboration and communication it enables.
With SaaS, various supply chain partners like suppliers, manufacturers, distributors, and retailers can communicate and collaborate. They can easily share real-time information, exchange data, and collaborate on various issues of the supply chain.
Proper collaboration and communication improve coordination. These also reduce delays and ensure that everyone is on the same page.
SaaS also plays a role in the supply chain by making inventory management smooth. This is another way where SaaS contributes to the supply chain. With SaaS solutions, businesses can use advanced features to track and handle their inventory in real time.
What are the features of inventory management? Inventory management features include tools for automatic stock updates and real-time visibility into stock levels. It also allows setting alerts for low-stock or high-demand items.
Remember, streamlining inventory management helps businesses optimize stock levels. It reduces holding costs, prevents stockouts, and improves overall inventory accuracy.
SaaS helps in improving demand planning and forecasting within the supply chain. These solutions use historical data, market trends, and advanced analytics algorithms.
They provide businesses with accurate demand forecasts. This enables anticipation of customer demand. It helps optimize production and procurement processes. Again, it reduces the risk of overstocking or understocking.
With SaaS, order fulfillment becomes more efficient and accurate. SaaS solutions offer automation capabilities that streamline order processing, picking, packing, and shipping.
Businesses can reduce human errors, improve order accuracy, and speed up order fulfillment times by automating tasks. This leads to higher customer satisfaction and repeat business.
SaaS provides businesses with increased visibility across the entire supply chain. Through real-time dashboards and analytics, businesses can monitor key performance indicators (KPIs).
In a recent study, experts say that Real-time data sharing across the supply chain enables better decision-making and faster response times to disruptions. (Source: Deloitte)
You can also track the progress of goods from suppliers to customers using this software. This visibility allows businesses to identify obstacles. You can also monitor supplier performance, and make informed decisions to optimize the supply chain.
With SaaS, businesses can also track shipments, monitor inventory levels, and analyze data. Now you can simply identify areas for improvement and cost savings.
Are you one of those who get confused when you have to choose a SaaS company for a Supply Chain among too many options? Then no more worries! Here, You get this list of top 10 SaaS companies.
In this list of top supply chain SaaS companies, we have SAP as number 1. It is a German-based software giant. It is at the top of the list with $2.93 billion in revenue recently from its SCM-related software.
Founded in 1972, SAP serves over 378,000 customers globally. This company has included industry giants like Microsoft and Lennox.
SAP is really into IoT and Digital Supply Chain, It works to digitize supply chains and make collaboration simple with cloud-based deployment. They are there for different industries like automotive, retail, banking, and consumer products, offering a bunch of services.
Oracle holds the second position on this list. It was founded in 1977. It has earned $1.5 billion from its SCM software segment.
Oracle has served 430,000 customers across 175 countries and cities. His company’s offerings cover product life cycle management, supply chain planning, and order management.
Despite a vast revenue of around $37 billion, Oracle continues to excel in modernizing SCM processes. Oracle offers software solutions that are easy to customize, efficient, and cost-effective.
Oracle offers a complete set of cloud-based Supply Chain Management (SCM) solutions as part of its broader range of enterprise software offerings. (Source: Oracle website)
We have Infor on this list who holds the third position. Established in 2002, Infor Global Solutions is famous for its supply chain management software with a revenue of 243 million.
With a customer base of over 90,000 organizations, Infor’s SCM software is designed for diverse sectors, including retail, distribution, F&B, and industrial manufacturing.
Infor Supply Chain claims to offer unparalleled visibility and collaboration capabilities. It covers everything from planning to execution.
Moreover, it connects with your entire network of trading partners. Clients can expect an end-to-end solution across their entire supply chain.
Manhattan Associates, founded in 1990, is one of the oldest SCM software companies. This company is famous for its services and made $218.8 million from its SCM software services.
With continuous investments in research and development, Manhattan Associates ensures its relevance in diverse sectors, from wholesale and retail to pharmaceuticals and manufacturing.
Earning a place on Forbes’ ‘America’s 100 Most Trustworthy Companies’ list and securing a position on Gartner’s Magic Quadrant Report solidifies its position. It proves that it’s a leader in warehouse management.
Anything else that you should know about Manhattan Associates? Of course! Manhattan Associates stays up-to-date in different industries by investing in research and development. They work with wholesale, retail, pharmaceuticals, and manufacturing to meet the specific needs of each sector.
Are you looking for an international software giant? Let me introduce you to Epicor Software Corporation for SCM software. This company is a very SaaS company for the supply chain.
You will be shocked to learn about their income from his business. How much is it? This company made $191.6 million from its SCM software recently. Founded in 1972, Epicor’s designed supply chain solutions span manufacturing, distribution, and retail.
Epicor has served over 20,000 customers globally. This software company aims to drive growth by providing industry-specific software solutions and services. Notable clients of his company include Energizer, Teconnex, Rexel, and North American Lumber.
What do their products do? Their products help with automated tasks like packing and keep you updated on your stock in real-time. Plus, these products well with supplier portals to give you a full view of your supplier network.
People believe that an old software company offers the best service. Are you one of them? Then let me introduce you to Descartes Systems Group. It is one of the oldest SaaS software companies for supply chains founded in 1981. Pretty old right?
Descartes specializes in logistics software-as-a-service. They focus on quick implementation and increased productivity throughout the supply chain.
The company’s growth is evident through strategic acquisitions like MacroPoint, Aljex, and PCSTrac. They offer services in shipment and warehouse management, logistics messaging, and complete supply chain solutions.
This company serves various industries like retail, manufacturing, distribution, transportation, logistics, and sales, Descartes offers versatile SCM software.
Are you looking for a company that offers software services in different countries? Then, the good news is for you. HighJump Software LLC is the best software company that operates in 66 countries.
They have served over 4,200 customers and specialize in selling their supply chain software. Their suite of services covers everything from managing warehouses to integrating business processes, handling transportation, and providing solutions for retail.
HighJump is dedicated to helping its clients stay flexible in a rapidly changing economy. This dedication highlights their commitment to supporting growth. They ensure their customers are happy. It is a strategy that they use as it helps in increasing their revenue.
HighJump has a global presence and concentrates on various industries of supply chain management. It makes them a trustworthy ally for businesses tackling the challenges.
Do you know which company is famous in the entire Europe continent for its supply chain among SaaS companies? It is Basware from Finland, one of the oldest and most famous companies. It was founded in 1985. Now they operate in more than 100 countries all over the world.
Basware specializes in automated customer support and payment solutions like e-invoicing and e-procurement. The company’s influence on supply chain financing solutions is very famous and secure to use.
They have achieved awards like Innovative Procurement Technology of the Year and recognition from Global Finance for their best software solutions.
Basware’s achievements showcase its commitment to improving global supply chain processes. Their software eliminates manual efforts and reduces errors for a more efficient workflow.
Starting in 2006, Coupa Software has become famous for improving management supply chains. The company was originally based in San Mateo, California. It went public on Nasdaq as COUP in 2016 and became private under Thoma Bravo in February 2023.
Coupa’s Business Supply Chain Management Platform is the go-to solution for companies. It aims to see and control their supply chains effectively. So, Coupa provides comprehensive solutions covering procurement, invoicing, expenses, sourcing, and analytics.
Their SCM has been Recognized as one of the Silicon Review’s 30 Most Trustworthy Companies. Coupa Software serves big names like Salesforce, Sanofi, and NEC. If you want the best SCM, then Coupa Software has the best options for you.
I have discussed all the software giants so far. Let’s learn about a company that offers SCM for small and middle enterprises. It is Tada Now, founded in 2012. This company is known for its collaborative solutions and holds the tenth position on our list.
Using their software you can create an easy platform for suppliers and departments to communicate. Using AI analytics, Tada expands supply chain efficiency by making decisions based on real trends.
Tada brings data, people, and processes together, ensuring instant visibility and collaboration across the entire business network.
Whether dealing with suppliers, OEM, production, distribution, or customers, Tada guarantees seamless management of the entire supply chain.
Besides supply chain solutions, Tada is also a ride-hailing platform with a mission to support drivers, operating without commissions since 2018 in Singapore.
SCM helps your business in many ways. Such as improving communication, and keeping track of products, and plans.
Here, I have introduced the top 10 supply chain SaaS companies worldwide. So, if you are ever confused about which software to use for your business, choose any of these companies for SCM.
Your supply chain journey will be smoother if you choose any company of these SaaS supply chain companies.
Tabassum Kabir is a customer success enthusiast and CX blogger. Her writing not only inform but also empower professionals to excel in the dynamic landscape of customer success.
Tabassum Kabir is a customer success enthusiast and CX blogger. Her writing not only inform but also empower professionals to excel in the dynamic landscape of customer success.
