Are you looking to add Supply Chain Planning to your arsenal of tools? Maybe for your business or personal use only, whatever it is – it’s always a good idea to know more about the most important Supply Chain Planning statistics of 2024.
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How much of an impact will Supply Chain Planning have on your day-to-day? or the day-to-day of your business? Should you invest in Supply Chain Planning? We will answer all your Supply Chain Planning related questions here.
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On this page, you’ll learn about the following:
Best Supply Chain Planning Statistics
â° Use “CTRL+F” to quickly find statistics. There are total 173 Supply Chain Planning Statistics on this page đSupply Chain Planning Usage Statistics
- Companies can reap a 25% increase in productivity, a 20% gain in space usage, and a 30% improvement in stock use efficiency if they use integrated order processing for their inventory system. [0]
- 46% of organizations don’t use AI at all for their operations while 50.1% report limited usage. [0]
Supply Chain Planning Market Statistics
- The factors that increased supply chain spending in 2018 are cutting costs (25%), SCM automation (25%), and market expansion (23.7%). [0]
- Regardless of the pandemic, the global supply chain management market is set to grow at a CAGR of 11.2% from 2020 to 2027. [0]
- The market share of transportation management systems worldwide is predicted to hit $4.8 billion before the end of 2025. [0]
- According to a supply chain market analysis, 19% of companies that roll out SCM initiatives leverage machine learning to boost forecast accuracy. [0]
- A supply chain market report says that 63% of organizations have no tech systems in place for monitoring supply chain performance. [0]
- The leading supply chain market constraints are containing cost increases (32%), facing global competition (28%), and adapting to customer expectations (27%). [0]
- The supply chain management market was valued at $18,699.45 million in 2020, and is projected to reach $52,632.37 million by 2030, registering a CAGR of 10.7%. [1]
- Post COVID 19, the size of the supply chain management market is estimated to grow from $18,699.45 million in 2020 and projected to reach $52,632.37 million by 2030, at a CAGR of 10.7%. [1]
- The supply chain management market is concentrated with major players adopting 50% 60% of the market share. [1]
- The global supply chain market size value is The global supply chain market is expected to experience aCAGR of 11.2%from 2020 to 2027. [2]
- Here are some insights our research uncovered The global supply chain market is expected to experience a CAGR of 11.2% from 2020 to 2027. [2]
- Thatâs an increase from a market value of $120.70 billion in 2021 to a predicted $261.89 billion in 2028. [2]
- The Global Logistics Automation Market has the highest CAGR of any supply chain market, at a predicted rate of 12.4%. [2]
Supply Chain Planning Software Statistics
- By 2025, the average spending for employees for SCM software will likely be at $8.08. [0]
- IDC estimates that by 2020, 50% of all business software will incorporate some cognitive computing functions. [3]
- However, of those who do track inventory, the most common method is inventory throughaccountingsoftware like Quickbooks, at 24% of smallbusinessowners. [2]
Supply Chain Planning Latest Statistics
- 57% of companies believe that supply chain management gives them a competitive edge that enables them to further develop their business. [0]
- A majority of industry professionals (70%). [0]
- These were followed by data and analytics (6.6%), customer service (4%), adding new talent (4%), eCommerce (2.6%), directtoconsumer sales (2.6%). [0]
- 65% of executives in the logistics, transportation, and supply chain sectors report changes in industry processes. [0]
- 30% of supply chain professionals say that a quick response to customer mandates is a top business priority. [0]
- 32% of global retailers stated that they underwent little disruption. [0]
- Only 12% of retailers worldwide reported heavy disruption due to the pandemic. [0]
- 64% of retailers were challenged to adapt their supply chain for ecommerce. [0]
- 28% tried to find alternative sourcing options. [0]
- 28% underwent shortages and outof. [0]
- Proof of this is the fact that 69% of companies do not have total visibility over their supply chains. [0]
- Only 22% of companies have a proactive supply chain network. [0]
- 62% of companies have limited visibility of their supply chain and 15% only have visibility on production. [0]
- Meanwhile, 6% report full visibility, and 17% say they have extended supply chain visibility. [0]
- The most common KPIs used for supply chain monitoring include daily performance (40%), cost reduction (35%), production service rate (29%), inventory turn (28%), and production time (27%). [0]
- Other factors used are lead time (27%), return rate (25%), and ROA (22%). [0]
- Pre Pandemic Disruptors Supply chain disruptions can cause significant negative losses in terms of finances (62%), logistics (54%), and reputation (54%). [0]
- ( The types of events that can lead to supply chain disruptions are mergers and acquisitions (66%), extreme weather (41%), factory fire (37%), and business sales (33%). [0]
- The top causes of supply chain disruption in the US are unplanned IT outages (68%), adverse weather (62%), loss of talent (51%), cyber attacks (50%), and fire (44%). [0]
- 30% of companies don’t analyze the source of supply chain disruptions. [0]
- This is a 14% increase over the number of 2019 supply chain disruptors which was 3,700. [0]
- 52% of 2020 disruptors in the first nine months of the year led to a âwar roomâ situation. [0]
- Only 39% of 2019 disruptions resulted in a âwar roomâ situation. [0]
- The first nine months of 2020 recorded a 13 percentage point increase. [0]
- Transportation and logistics activities currently account for 12% of the global GDP. [0]
- 74% of supply chain companies utilize 4 or 5 transportation methods. [0]
- Shippers can minimize freight invoice payments by 90 95% if they utilize a transportation management system. [0]
- Using transportation management tools can yield an 8% saving on freight costs. [0]
- Only 35% of shipping companies utilize transportation management systems for their overall SCM strategies. [0]
- The Plans of Executives to Enhance Resilience in Transportation and Logistics in 2020 53% of executives plan to dual source raw materials. [0]
- 47% of executives plan to increase the inventory of critical products. [0]
- 40% plan the nearshoring and expansion of their supplier base. [0]
- 38% plan to regionalize the supply chain. [0]
- 30% plan to reduce the number of SKUs in their product portfolios. [0]
- 27% plan to have higher inventory along the supply chain. [0]
- 27% plan to backup production sites. [0]
- 15% plan to nearshore their own productions. [0]
- 15% plan to increase the number of their distribution centers. [0]
- The most important inventory management practices are forecasting (61.3%), warehouse management (50%), logistics (46.8%). [0]
- These are closely followed by training data scientists (21%), returns management (21%), and data interchange technology (17.7%). [0]
- In addition, some prioritize investing in sensor technology (12.9%), training retail staff in eCommerce (11.3%), retooling DCs (9.7%), and refitting stores to have warehouse capabilities (3.2%). [0]
- 46% of small businesses use don’t track their inventory or don’t have an automated method to track it. [0]
- Only 18% of SMBs utilize inventory management systems. [0]
- 25% more manufacturers are investing in more advanced warehouse management in 2017 than in 2016. [0]
- 36% of supply chain professionals say that one of the top drivers of their analytics initiative is the optimization of inventory management to balance supply and demand. [0]
- The estimated value for outof stock items is $1.14 trillion. [0]
- The estimated value of global inventory distortion among mass merchants and grocery retailers in 2020 is $176.7 billion for overstock and $568.7 billion for outof. [0]
- Inventory Management Strategies to Take Post COVID 19.6% plan to have more inventory. [0]
- 26.9% will keep inventory levels the same but will be changing supplier base. [0]
- 19.2% will keep the same inventory levels but keep the same suppliers. [0]
- 21.6% are unsure which inventory management direction. [0]
- 12.7% of business leaders that inventory management planning is not applicable in their organizations. [0]
- The technologies that are becoming a priority in the supply chain industry are data analysis (41%), IoT (39%), cloud computing (39%), and info security (31%). [0]
- In addition, there are also those interested in predictive analytics (29%), apps (25%), 3D printing (22%), robotics (22%), drones (20%), mobile production units (19%), blockchain (18%), and cognitive robotics (17%). [0]
- 50% of companies believe that technological advancements have a strong impact on the supply chain, logistics, and transportation operations. [0]
- 40.7% of modern companies believe that data analytics will be one of the key technologies for supply chain management in the next two years. [0]
- 28% of supply chain leaders say that analyzing data from multiple systems for SCM is a key benefit of advanced analytics. [0]
- 81% of supply chain managers report that data analytics will be crucial when it comes to reducing costs. [0]
- 75% of large manufacturers are looking to update supply chain operations using IoT and analytics based situational awareness before the end of 2019. [0]
- Only 4% of companies leverage artificial intelligence extensively for their supply chain management efforts. [0]
- Experts predict that 50% of manufacturing supply chains will be able to make directto consumption shipments and home delivery by 2020. [0]
- 50.6% of organizations use warehouse robotics for SCM. [0]
- AR and VR investments for supply chain management jumped from 8% in 2017 to 23% in 2018. [0]
- Pick rate productivity can increase by up to 50% if you use pickto. [0]
- 46% of supply chain professionals still reply on excel spreadsheets for their operations. [0]
- The biggest barriers to tech implementation are cost (48%), ROI calculations 40%), and knowing where to start (35%). [0]
- In addition, there are those who have problems with finding the right supplier (11%) and dealing with potential interruption to current services (10%). [0]
- In 2018, the biggest challenges in supply chain management are visibility (21.1%), fluctuating consumer demand (19.7%), and inventory management (13.2%). [0]
- Some also noted coordinating across sales channels (11.8%), finding talent (9.2%), and keeping up with tech (6.6%). [0]
- Meanwhile, the sourcing (5.3%), ensuring an ethical supply chain (5.3%), manufacturing (4%), and data management (1.3%). [0]
- 24.7% of professionals report that the biggest supply chain management challenge for B2C eCommerce companies is delivery costs. [0]
- Retail Supply Chain Executives Willing to Invest in the Following Areas in 2021 58.6% want to increase investment in omnichannel fulfillment. [0]
- 55.73% productive planning and demand forecasting. [0]
- 52.87% want to enable flexible operations. [0]
- 48.52% want to improve inventory management. [0]
- 40.02% want to invest in real time supply chain visibility. [0]
- 40.02% want to improve integrated operational planning. [0]
- 37.15% want to invest more in systems to automate risk identification and issue resolution. [0]
- 31.52% want to invest in production and distribution automation. [0]
- For example, roughly 45 percent of logistics industry professionals revealed that their plans are unchanged in implementing environmentally sustainable practices. [4]
- Employment of logisticians is projected to grow 30 percent from 2020 to 2030, much faster than the average for all occupations. [5]
- Further, while approximately 20% of all supply chain data is structured and can be easily analyzed, 80% of supply chain data is unstructured or dark data. [3]
- Lenovo uses IBM Sterling Supply Chain Insights with Watson Shrinks its average response time to supply chain disruptions from days to minutes up to 90% faster than before. [3]
- The number of U.S. warehouses has grown 6.8% over the past five years. [6]
- The number of companies not looking at supply chain automation is currently as high as 40%, but will drop to 17% by the end of 2018. [6]
- For retail, inventory is accurate just 63% of the time, on average. [6]
- Some 44% of U.S shoppers are using both online and in store purchase and pickup options simultaneously. [6]
- 51% of B2B buyers are looking at more content before they make purchasing decisions than they did a year ago Companies like yours are looking at more things online before they make any decision, including picking a WMS or supply chain partner. [6]
- 79% of logistics and supply chain companies are relying on content for leads because they see it as an effective tool. [6]
- 79% of companies with high performing supply chains achieve revenue growth greater than the average within their industries Want to know where to invest your money?. [6]
- Revenue at âfully integratedâ companies is outpacing non integrated companies by 20% Building on the stat before. [6]
- For data security, people think cloud storage is 10% riskier than it actually is. [6]
- However, the risk of compromise for data thatâs on premise is 24% higher than people think it is These new systems and predictive models are going to make a lot of data; that data is logistics lifeblood. [6]
- Ecommerce is the main reason cited for UPSâs 2.3% yearover year increase in package volume in the quarter ending March 31, 2017. [6]
- Total Students 169 126 Male 58% 65% Female 42% 35% Minorities. [7]
- ** 9% 9% International 18% 13%. [7]
- This is compared to just 70% of respondents across all industries. [8]
- Of survey respondents in that same survey say that they have implemented real time data sharing into their supply chains, but only 13% have done so effectively. [8]
- âSupply Chain Top 25â as of a few years ago, compared with returns at 6.43% for companies on the Dow Jones Industrial Average. [8]
- This means that 64% of retailers did not already have a plan for eCommerce!. [9]
- 46% of supply chain professionals still rely on excel spreadsheets for their operations Are we in 2021 or 1995?. [9]
- Working in the supply chain industry, I learned from prospect calls that many companies do not have full visibility, however, 69% was surprisingly high!. [9]
- 58.6% of retail supply chain executives want to increase investment in omnichannel fulfillment. [9]
- 79% of companies with high performing supply chains achieve revenue growth above average within their industries. [9]
- Fashion is a $2.5 trillion industry, producing 10% of global carbon emissions, 20% of global wastewater, and vast biodiversity loss. [10]
- In fact, 83% of supply chain professionals said that ethics are extremely (53%) or very important (30%). [10]
- According to recent research 69% of surveyed companies are eliminating discrimination in the workplace. [10]
- 63% are making efforts to uphold environmental responsibility 57% are monitoring labor conditions. [10]
- 56% are fighting corruption 55% are deploying environmentally. [10]
- Ultimately, this is the only way to achieve lower total costs for a model where transportation can account for as much as 60 percent of total operational costs, a significant portion of a company’s supply chain costs. [1]
- For instance, it is estimated that over 30% of operational warehouse workers will be supplemented by collaborative robots by 2024. [1]
- Also, almost 50% of large global companies will be using artificial intelligence, advanced analytics and Internet of Things in supply chain operations. [1]
- Well, according to our extensive research Only6% of companies report full visibility on their supply chain.69% of companies do not have total visibility. [2]
- Only 38.8% of U.S. small businessesexperienced supply chain delays due to the COVID. [2]
- Here are the facts Reducing supply chain costs from 9% to 4% can double profits. [2]
- This is especially true for Industrial Suppliers, where the average supply chain cost is 13.2%, while the best companies have managed to optimize this number to 7.9%. [2]
- Supply chains have a huge impact on company 57% of companies believe that supply chain management gives them a competitive edge. [2]
- And 70% believed that supply chains are a keydriverfor qualitycustomer service. [2]
- And 70% believed that supply chains are a key Supply chains provide higher company growth through a wider selection of customized, reliable, sustainable, and delivered as rapidly as possible products. [2]
- These factors play a key role in growth, and hereâs how much demand rose from each factor wider selection (71%), customized (76%), reliable (73%), sustainable (69%), and rapid delivery (76%). [2]
- The Transportation Management System is expected to have a CAGR of 11.7% from 2021 to 2028. [2]
- However, this size is expected to experience a CAGR of 12.4%, meaning it may grow to $82.3 billion by 2026. [2]
- According to our research Only 22% of companies have a proactive supply chain network. [2]
- 43% of small businesses donât track their inventory. [2]
- And 21% report that they âdonât have inventory.â. [2]
- 67.4% of supply chain managers use Excel spreadsheets as a management tool. [2]
- And this number only rises with experience, as around half of new investors use it, while over 75% of late majority managers do. [2]
- On average, U.S. retail operations have a supply chain accuracy of only 63%. [2]
- For example, 34% of businesses have shipped an order late due to selling a product that wasnât in stock. [2]
- Due to the COVID19 pandemic, the estimated value for outof stock items in 2020 was $1.14 trillion. [2]
- Globally, 12% of retailers reported heavy supply chain disruptions due to COVID. [2]
- This is a surprisingly low number, as 32% of global retailers reported that they experienced little disruption. [2]
- However, maintaining stock items was a much bigger issue, as 28% of respondents underwent shortages and outof stocks and tried to find alternative sourcing options. [2]
- Between 2019 2020, overall supply chain disruptions increased by 14%. [2]
- Supply chain disruptions can cause a massive 62% loss in finances. [2]
- And other aspects of business that can be hit hard by supply chain disruptions includelogisticsand reputation, which see an average 54% hit. [2]
- supply chain disruptions include The #1 cause of global supply chain disruptions is mergers and acquisitions at 66%. [2]
- And other common causes of supply chain disruption include extreme weather (41%), factory fire (37%), and business sales (33%). [2]
- The #1 cause of U.S. supply chain disruptions is unplanned IT outages at 68%. [2]
- And other common causes of supply chain disruption include adverse weather (62%), loss of talent (51%), cyber attacks (50%), and fire (44%). [2]
- Supply chain disruptions can causefinancelosses of 62%, and reducing supply chain costs from 9% to 4% can double profits. [2]
- After all, 43% of small businesses donât even track their inventory. [2]
- Itâs expected to grow with a CAGR of 11.2% from 2020 to 2027, despite the COVID 19 pandemic throwing a wrench in the industry. [2]
- In addition, the Transportation Management System industry is worth $120.7 billion and is expected to see a CAGR of 11.7%, bringing its value up to $261.89 billion in 2028. [2]
- Its CAGR is even higher than these other two industriesâ at 12.4%, likely growing from $50.9 billion in 2020 to $82.3 billion in 2026. [2]
- This issue is exacerbated by the fact that just 22% of companies have a proactive supply chain, which means just 22% of companies can shift to meet supply and demand changes before they cause too many problems. [2]
- Furthermore, 43% of small businesses donât track their inventory, which makes it difficult, if not impossible, to accurately serve their customers. [2]
- 57% of companies believe that supply chain management gives them a competitive edge, and theyâre right. [2]
- Something as simple as reducing supply chain costs from 9% to 4% has the potential to double profits. [2]
- Only 6% of companies report full visibility on their supply chain, while 43% of small businesses donât track their inventory. [2]
- This can lead to more supply chain disruptions, costing a massive 62% hit to finances. [2]
- According to a recent Logistics Management annual survey of logistics and supply chain salaries based on 687 respondents, the average supply chain manager salary dropped from $129,000 to $117,000. [11]
- Earning an advanced degree in supply chain management or logistics prepares you to enter into a highly developed industry, projected by the United States Bureau of Labor Statistics to grow 22% between 2012 and 2024. [11]
- The earners in the bottom 10% make an average of $32.04 an hour or $66,630 a year. [11]
- Those in the top are earning $87.87 an hour or $182,780 a year, according to data from the BLS. [11]
I know you want to use Supply Chain Planning Software, thus we made this list of best Supply Chain Planning Software. We also wrote about how to learn Supply Chain Planning Software and how to install Supply Chain Planning Software. Recently we wrote how to uninstall Supply Chain Planning Software for newbie users. Donât forgot to check latest Supply Chain Planning statistics of 2024.
Reference
- financesonline – https://financesonline.com/supply-chain-statistics/.
- alliedmarketresearch – https://www.alliedmarketresearch.com/supply-chain-management-software-market.
- zippia – https://www.zippia.com/advice/supply-chain-statistics/.
- ibm – https://www.ibm.com/topics/supply-chain-analytics.
- statista – https://www.statista.com/topics/7150/global-supply-chain-management/.
- bls – https://www.bls.gov/ooh/business-and-financial/logisticians.htm.
- explorewms – https://www.explorewms.com/key-supply-chain-management-statistics.html.
- iu – https://kelley.iu.edu/recruiters-companies/undergrad/statistics/salary-statistics/supply-chain-and-operations-management.html.
- flexis – https://blog.flexis.com/6-supply-chain-management-statistics-to-know.
- deposco – https://deposco.com/blog/13-shocking-supply-chain-statistics-you-wont-believe/.
- the-future-of-commerce – https://www.the-future-of-commerce.com/2020/01/22/ethical-supply-chain-definition-stats/.
- planergy – https://planergy.com/blog/supply-chain-management-salaries/.
How Useful is Supply Chain Planning
Supply chain planning refers to the process of mapping out the flow of goods and services from the supplier to the end consumer. This involves coordinating the activities of various stakeholders, such as suppliers, manufacturers, distributors, and retailers, to ensure smooth and efficient operations. It also involves predicting demand, managing inventory levels, and optimizing transportation routes to minimize costs and maximize efficiency.
There are several key reasons why supply chain planning is so crucial to the success of any business. First and foremost, it helps in reducing lead times and ensuring timely delivery of products to customers, which in turn leads to greater customer satisfaction. By accurately forecasting demand and aligning production schedules with that demand, companies can avoid stockouts and overstocks, leading to better inventory management and cost savings.
Moreover, supply chain planning plays a vital role in cost reduction and optimization. By streamlining processes, minimizing waste, and improving overall efficiency, companies can lower their operational costs and increase profitability. With effective supply chain planning, companies can better negotiate with suppliers, optimize transportation routes, and reduce inventory holding costs, among other benefits.
In addition, supply chain planning can also help in enhancing collaboration and communication among various stakeholders in the supply chain. By sharing information and working together towards common goals, companies can build stronger relationships with suppliers and customers, leading to more efficient and effective operations. This collaboration can also lead to innovation and continuous improvement, as companies work together to find new ways to optimize the supply chain.
Another key benefit of supply chain planning is increased resilience and agility. In today’s fast-paced and unpredictable business environment, companies need to be able to quickly adapt to changes in demand, disruptions in supply, and other unforeseen challenges. With a solid supply chain plan in place, companies can more effectively respond to these challenges and maintain business continuity even in the face of unexpected events.
Overall, the usefulness of supply chain planning cannot be overstated. It is a fundamental aspect of business operations that impacts every facet of the organization, from operations to customer satisfaction to profitability. As technology continues to advance and global supply chains become more complex, the importance of effective supply chain planning will only continue to grow. By investing in robust planning processes and tools, companies can unlock the full potential of their supply chains and drive sustainable competitive advantage in today’s dynamic business landscape.
In Conclusion
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