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Allied Market Research

Stock Control Software Market by Type (Barcode Scanning System, Manually Managed Inventory System and Advanced Radio Frequency System), Deployment Type (On-Premise, Cloud), Application (Order Management, Asset Tracking, Service Management and Product Differentiation), Organizational Size (Small and Medium Enterprise, Large Enterprise), Industry Vertical (Manufacturing, Retail, Automotive, Healthcare & Life Science): Global Opportunity Analysis and Industry Forecast, 2020–2027

A09041
Pages: NA
Dec 2020 | 20 Views
 
Author(s) : NA
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COVID-19

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Stock Control Software Market Insight

Stock management is a vital component for any organization, as it allows for the proper functioning of a business through ensuring that the stock is accounted for. In the supply chain, stock management follows a few important steps to guarantee optimized operations. Stock control software is specialized software created for stock control, ensuring that both spreadsheets and pen and paper are replaced with an effective stock control solution. As it’s in harmony with keeping stock efficiently, stock control software allows for better visibility, control, and tracking of stock. With the management of purchase orders, stock control software helps to see and establish both minimum and maximums for products. In addition to this, stock control software also helps to let you do a full stock control, alerts insufficient existence possibility of automatic orders to suppliers, identifying all possible variants of the same product, record the movement of goods in great detail and the entire existence of each product with complete description. 

Stock Control Software Market Scope and Structure Analysis:

Report Matric

Details

  Market size available for the years

  2019-2027

  Base year considered

  2019

  Forecast period

  2020-2027

  Forecast unit

  Value (USD)

  Segments covered

  • Type
  • Deployment Type
  • Application
  • Organizational Size
  • Industry vertical
  • Region

  Geographies covered

  • North America (US and Canada),
  • Europe (Germany, UK, France, and Rest of Europe),
  • Asia Pacific (China, Japan, India, and Rest of Asia Pacific),
  • Latin America (Brazil, Mexico, and Rest of LATAM), Middle East, and Africa

  Companies covered

 

  • Infoplus Inc
  • Finale Inventory Ltd.
  • Agiliron Inventory Management Corp.
  • Fishbowl Inventory Inc.
  • Pomodo Ltd.
  • Cin7 Inc.
  • TradeGecko Ltd.
  • Zangerine Inc.
  • Chondrion Inventory Management Ltd
  • NetSuite Inc

 

 

Impact of COVID-19 on Stock Control Software Market

  • The emergence of COVID-19 pandemic has severely affected almost all the industries across the world. Further, lockdown enforcements and restrictions on movements of non-essential goods as well as resources in various countries has disrupted the supply chain of electronic components & networking equipment. Thus, this has led to the delay in supply of electronic components required in manufacturing of the network equipment.
  • Wholesale, manufacturing and retail account for more than 75% of businesses in the impacted. The impact on supply chain is twofold. Retailers around the world are grappling with the appropriate response to the coronavirus for their employees, customers and their business. 
  • The increased uncertainty could lead to overbuying or under-buying products. Through better demand forecasting, an organization will be able to manage inventory better, increase revenue, and improve customer support. Moreover, many organizations are switching towards ERP software and automation, as it will take a lot of work if the stock works is done through manually. 
  • Moving forward, every stock management also will need to closely track and identify stock items that are business-critical and react accordingly to alleviate supply risks. The stock control software also automatically analyzes and classifies stock items based on a range of variables, including the cost of goods sold, pick frequency, demand volume and volatility. 
  • This software also updates the inventory matrix, moving items between categories and automatically updating stocking rules, as required. Thus, these steps will surely benefit the organization as well as the increases in opportunity for the stock control software market during and after the pandemic for few years. 

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis 

Rising popularity of e-commerce, increasing usage of smartphones among population, rising demand for RFID technology, need to migrate to supply chain inefficiencies are some of the key driving factors for the growth of this market. However, high investment, system crash, reduced physical audits cost hesitation among consumer to adopt legacy system is some of the factors which may hinder the growth of the market. Furthermore, increased adoption of technologies in manufacturing sector and 

Increase in adoption of stock control software in ecommerce: 

The stock control software possess multiple benefits such as information regarding the current product, improved synchronization of data across all the platforms in real time, enhanced back end visibility, decision makers have more control over multichannel order flow. E-commerce sector runs day to day management as it increases the visibility and business intelligence and thus stock management is one of most important current assets and thus it needs to be monitored accurately. Thus, many organizations are adopting the stock control software and driving the growth of the market.  

Automation with stock control software: 

Automation offers the organizations to track all the supply chain and other details which includes all the store and warehouse locations while returns, exchanges, shipments or monitoring orders. In addition to this, automation also helps in routine performance and makes it improved and easy. Automation with the stock control software is majorly helpful for the organizations which are having multiple stores or warehouse locations or having a limited budget for the organizations.  The integration of automation with stock control software also enables the brick-and-mortar channel, which will soon expand into online channels. Thus, it reduce the operation time with decreased operational cost. Hence, integration of automation with the stock control software is expected to boost the lucent opportunities for the market. 

Key Segments covered:

Segments

Subsegments

  Type  

  • Barcode scanning system
  • Manually managed inventory system
  • Advanced radio frequency system  

  Deployment Type

  • On-premise
  • Cloud  

  Application

  • Order Management
  • Asset tracking
  • Service Management
  • Product Differentiation

  Organizational Size  

  • Small & Medium Enterprise
  • Large Enterprise

  Industry Vertical  

  • Manufacturing
  • Retail
  • Automotive
  • Healthcare & Life Science

 

Key benefits of the report:

  • This study presents the analytical depiction of the global stock control software market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of global stock control software market share.
  • The current market is quantitatively analyzed from 2019 to 2027 to highlight the global stock control software market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides detailed stock control software market analysis based on competitive intensity and how the competition will take shape in coming years. 
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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