Allied Market Research recently conducted a study on the ERP software market for the forecast period 2013-2020. The market will reach at $41.69 billion by 2020 registering a CAGR of 7.2 percent. The market owes it massive spurt in revenue to sectors such as healthcare, manufacturing services, BFSI, aerospace and defence, and telecom. The report gives a comprehensive analysis key market segments, top winning segments, lucrative investment pockets.
The medical centre and healthcare spend massive sums of money on critical medicines and machines to ensure a patient gets the best care. To track their supply chain management of thousands of medicines can be a nightmare. Many hospitals are still stuck on to outdated methods. Oracles is building a new system to track supply-chain management that will enable customers to create intelligent customer-centric approach. Oracle brought about new cloud applications such as Oracle Supply Chain Management (SCM) Cloud, Oracle Customer Care Experience Cloud (CX) Suite, Oracle Enterprise Resource Planning (ERP) Cloud, And Oracle Human Capital Management(HCM) Cloud. The SCM cloud offers end-to-end visibility, insights, operation planning, demand management, supply planning and collaboration, and a host of other services that are comprehensive yet upgraded to hasten complex processes.
Retail and manufacturing sectors also need to look at resolving complex manually-daunting processes. Retail and manufacturers deal with bulk orders daily, sometimes individually or in collaboration. The Oracle Enterprise Resource Planning (ERP) cloud facilitates organisations and business by reducing IT complexities. The ERP cloud service includes financial, procurements, project portfolio management, and comes with a feature called Dynamic Discounting and Multi-Funding.
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