by Daniel Ball, Marketing Director, Wax Digital
1. March 2008 20:57
The latest report from AMR Research expects investment in supply management applications and services to increase by more than 14% in 2008.
The Supply Management Spending Report 2007-2008 surveyed supply management and IT executives in Europe and America and found that they expected to increase their spend in areas such as contract management and supply connectivity.
"We found that many organizations are looking to fill functionality gaps by investing in the tools that will ensure reliable supply in 2008," said Mickey North Rizza, a research director at AMR Research.
"We were not surprised to see this overall increase in spending, especially considering the importance of supply management to a company's P&L and balance sheet.
"Even in a time of economic uncertainty, companies understand that supply management applications can bring more to the bottom line. Tightening up spending equates to spending on applications and services that bring added value, such as supply management."
