Latest news with #Epicor
Yahoo
13-06-2025
- Business
- Yahoo
Inventory Management Software Market to reach USD 5.40 Billion by 2032, owing to AI-Driven Demand Forecasting
AI and machine learning in inventory software enhance forecasting and stock optimization, reducing waste and boosting efficiency. Pune, June 13, 2025 (GLOBE NEWSWIRE) -- Inventory Management Software Market Size Analysis: 'According to SNS Insider, the Inventory Management Software Market was valued at USD 2.87 billion in 2023 and is projected to reach USD 5.40 billion by 2032, growing at a CAGR of 7.4% from 2024 to 2032.'Get a Sample Report of Inventory Management Software Market@ Major Players Analysis Listed in this Report are: Oracle Corporation (Oracle NetSuite Inventory Management, Oracle Fusion Cloud SCM) SAP SE (SAP Extended Warehouse Management, SAP Business One Inventory) Microsoft Corporation (Microsoft Dynamics 365 Supply Chain Management, Microsoft Dynamics 365 Business Central) IBM Corporation (IBM Sterling Inventory Control Tower, IBM Watson Supply Chain) Manhattan Associates (Manhattan Active Inventory, Manhattan Active Supply Chain) Epicor (Epicor Prophet 21, Epicor Kinetic Inventory Management) Zoho Corporation (Zoho Inventory, Zoho Creator Supply Chain Management) Fishbowl (Fishbowl Warehouse, Fishbowl Manufacturing) NetSuite (NetSuite Inventory Management, NetSuite Warehouse Management System) DataLogic (Datalogic Inventory Tracking Solutions, Datalogic RFID Inventory System) NCR Corporation (NCR Counterpoint Inventory, NCR Power Inventory) Intuit, Inc. (QuickBooks Commerce, QuickBooks Enterprise Inventory) Acumatica, Inc. (Acumatica Cloud ERP Inventory Management, Acumatica Warehouse Management System) Inventory Management Software Market Report Scope: Report Attributes Details Market Size in 2023 US$ 2.87 Billion Market Size by 2032 US$ 5.40 Billion CAGR CAGR of 7.4 % From 2024 to 2032 Base Year 2023 Forecast Period 2024-2032 Historical Data 2020-2022 Key Segments • By Application (Inventory Control & Tracking, Order Management, Scanning and Barcoding, Asset Management, Others)• By Deployment (Cloud, On-premises)• By Organization Size (Small and Medium-Sized Enterprises, Large Enterprises)• By End-Use (Retail & E-Commerce, Healthcare, Transportation and Logistics, Manufacturing, Others) Key Growth Drivers Growing Adoption of Cloud-Based Solutions Enhances Growth of the Inventory Management Software Market Do you have any specific queries or need any customization research on Inventory Management Software Market, Make an Enquiry Now@ By Application: Order Management Leads, Inventory Control & Tracking Grow Fastest The Order Management segment dominated the market and accounted for a significant revenue share in 2023, owing to its core function of automating and streamlining the order processing, fulfillment, and returns. This is why industries have started relying on these solutions to minimize human errors, make prompt deliveries, and achieve better customer satisfaction. Inventory Control & Tracking is expected to be the fastest-growing since enterprises are shifting toward IoT and AI-driven Inventory Control & Tracking-based solutions for real-time stock visibility and accurate information. That allows for improved predictions, reduces losses of overstock or understock, and increases supply chain responsiveness. With global commerce and business apparel also expanding their need for accurate tracking and intelligent inventory management will increase, creating significant demand across all vertical industries. By Deployment Type: On-Premise Dominates, Cloud Deployment Grows Fastest The on-premises segment dominated the market in 2023, as it continues to provide security, control over data, and customization benefits that often must be obtained by large enterprises operating in a regulated environment. These provide organizations complete ownership of the infrastructure and customized setups for complicated workflows. The most rapid growth is within cloud deployment due to its low cost of ownership, scalability, and the ability to access from anywhere. These cloud systems are especially attractive for small and midsized organizations that want to avoid large capital investments and want greater flexibility with their object systems. Cloud-based inventory software can be easily integrated into a third-party tool, and with the growing need for remote access, real-time collaboration, and rapid cloud-based inventory software, the adoption is expected to increase extensively. By Organization Size: Large Enterprises Dominated, SMEs Fastest Growing The large enterprises segment dominated the market in 2023 and accounted for a significant revenue share, owing to their complex supply chains requiring comprehensive and flexible inventory systems. Organizations like these have a truly global reach, but the nature of their business needs dictate very high levels of centralized control, compliance, and deep analytics capabilities, which inventory software proves to be best positioned to accomplish. Small and medium-sized enterprises are expected to register the fastest growth during the forecast period. Affordable, cloud-based solutions for SMEs are ubiquitous, which allows SMEs at the lower end of the capital spectrum to optimize their process as well. Such tools minimize human errors, reduce holding costs, and offer scalability. Now digital transformation has also to the small and medium-sized industries, therefore, the rate of growth of the SME segment will be rapid and continuous until 2032. By End-Use: Manufacturing Dominated the Market, Retail & E-commerce Fastest Growing manufacturing segment dominated the market and accounted for a significant revenue share in 2023, due to its complex and high-volume supply chains and processes, and dependence on real-time data. The integration with ERP systems and automation tools improves production and inventory control. The fastest-growing segment is Retail and E-commerce, and it is driven by the growing online sales and expanding omnichannel deliveries. Such businesses require stock monitoring in real-time, an automated restocking feature, and scalable cloud-based solutions to deal with significant product turnover and sporadic demand. Rapid pace of digital transformation on both these frontiers is likely to propel the demand for AI-driven inventory software, leading to sustainable supply chains with minimum wastage, and greater customer satisfaction till an Enterprise-User PDF of Inventory Management Software Market Analysis & Outlook 2024-2032@ By Region – North America Dominated, Asia-Pacific Fastest Growing North America dominated the global market in 2023 and accounted for a significant revenue share, driven by the early adoption of advanced technologies, a strong presence of major vendors, and a well-established retail and logistics infrastructure. U.S.-based enterprises continuously invest in AI, IoT, and analytics to optimize supply chains and boost customer service. The Asia-Pacific region is projected to experience the fastest CAGR during the forecast period. Countries like China, India, and Southeast Asian nations are rapidly digitalizing their business operations and embracing e-commerce. Rising investments in cloud infrastructure, coupled with growing retail and manufacturing sectors, are accelerating inventory software adoption, making Asia-Pacific a hotspot for future growth. Recent Developments in 2024 In February 2024, Zoho launched "Zakya," a point-of-sale solution aimed at small and medium retail businesses, enabling streamlined operations and inventory monitoring. In March 2024, Manhattan Associates partnered with Shipium to enhance retail shipping operations and optimize e-commerce fulfillment processes. About Us: SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world. CONTACT: Contact Us: Jagney Dave - Vice President of Client Engagement Phone: +1-315 636 4242 (US) | +44- 20 3290 5010 (UK)Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
09-06-2025
- Business
- Yahoo
Cre8tive Technology and Design Patents ERP Compliance Solution, Expands Globally with Strategic Partner Precise
Cre8tive's Advanced ERP Meets Rising Demand from Global Defense Industrial Base SAN DIEGO, June 09, 2025 (GLOBE NEWSWIRE) -- Cre8tive Technology and Design (Cre8tive), the leading provider of manufacturing technology solutions, has announced its patent-pending ERP Compliance Solution for aerospace, defense, and government contracting is now available globally. This milestone significantly advances its international growth and positions Cre8tive to help manufacturers leverage technology to support compliance. The solution, which has been refined over five years of successful deployment in the United States, now includes government accounting capabilities. This solution enables the defense industrial base to seamlessly manage Defense Contract Audit Agency (DCAA) compliance, long-term agreements, and ASC 605/606 revenue recognition standards. 'Expanding globally with our patent-pending compliance solution enhances security for the defense industrial base and allows Cre8tive to better support the evolving needs of global manufacturers,' said Bob Aronson, Chief Revenue Officer at Cre8tive Technology and Design. 'Cre8tive is proud to be the first to provide this advanced level of compliance and capability to mid-market manufacturers and supply chain organizations, an advantage previously reserved for top-tier enterprises.' Cre8tive's global availability extends to the United Kingdom, Europe, and Australia through its formal partnership with Precise Business Solutions, one of Epicor's most experienced and awarded international partners. Together, they will sell, support, and implement the solution, leveraging Precise's established regional presence and the duo's proven expertise in Epicor's Kinetic ERP platform. As the need arises in other countries, Cre8tive will continue to enhance its depth of capabilities to support customers globally. 'We're excited to strengthen our long-standing relationship with Cre8tive and bring this innovative solution to global markets,' said Mark Batina, Managing Director at Precise. 'Our local teams and market knowledge will ensure manufacturers in the expanded regions can confidently meet defense compliance standards while enhancing productivity and growth.' This launch comes as demand for compliance-enabled ERP solutions intensifies worldwide. With the global ERP market valued at $75 billion and defense-related ERP solutions approaching 10% of that, Cre8tive's solution fills a growing gap for mid-market manufacturers in the defense sector. The company's agile expansion strategy responds to global supply chain pressures and rising technological requirements across the defense manufacturing ecosystem. 'By empowering manufacturers to navigate complex regulatory landscapes with a turnkey ERP solution, we're helping secure and modernize the global defense supply chain,' Aronson added. Cre8tive has long evaluated opportunities to expand its ERP solution to international manufacturing. Recognizing market shifts and increasing technology requirements, Cre8tive moved quickly to bring a first-of-its-kind solution internationally and drive its next phase of organic growth. ### About Cre8tive Technology and Design: Cre8tive Technology and Design is a leading provider of business-critical ERP technology solutions for manufacturing and distribution companies. Specializing in Epicor ERP implementation and customization, Cre8tive provides personalized solutions to help businesses in aerospace, defense, and other highly regulated industries to streamline operations and improve efficiency. Cre8tive supports customers across the globe with more than 150 business professionals and industry experts. For more information, visit About Precise Business Solutions: Precise Business Solutions leverages the deep, industry-specific capabilities embedded within the Epicor Kinetic ERP platform, helping manufacturers maximize the productivity of their people, increase their business velocity and accelerate growth. Precise is one of Epicor's longest-serving, most awarded and best regarded international partners, both as a reseller and support provider for Epicor Kinetic and as one of a handful of Platinum-level Independent Software Vendors extending the value of Epicor's ERP through industrial-strength companion solutions. For more information, visit CONTACT: Kimberly Deese kdeese@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Tahawul Tech
22-05-2025
- Business
- Tahawul Tech
Kerrie Jordan Archives
Epicor, a global leader of industry-specific enterprise software, has unveiled its new, patent pending Carbon Cost Rollup solution within Epicor Kinetic, the Epicor …
Tahawul Tech
22-05-2025
- Business
- Tahawul Tech
Epicor unveils revolutionary solution designed to enable manufacturers to be sustainable
Epicor, a global leader of industry-specific enterprise software, has unveiled its new, patent pending Carbon Cost Rollup solution within Epicor Kinetic, the Epicor Industry ERP Cloud that is purpose-built for manufacturers. The solution establishes 'Cost Rollup' methods from standard costing systems. Adapting this concept transforms carbon tracking by treating CO2 emissions as a currency, helping business leaders to calculate their compliance reporting to a high degree of certainty. 'Through feedback from our Customer Advisory Board members, it became clear there was a need for a simplified approach to environmental accountability and reporting in the manufacturing sector,' said Epicor Group Vice President, Kerrie Jordan. 'I am incredibly proud of our team's achievements in building a solution that addresses those needs and empowers organizations to mitigate climate change by prioritizing areas for emissions reduction and addressing their carbon footprint with the same precision and rigor as their financial costs. This marks a significant step forward in sustainability tracking for manufacturers.' The process begins at the most fundamental level of the bill of materials and operations, calculating the carbon cost for each component. As it ascends through each tier, the cumulative carbon expenditure for the final product becomes clear. This method not only simplifies the complex calculations associated with carbon accounting but also integrates seamlessly with existing cost accounting software, minimizing the learning curve for users. The Epicor Carbon Cost Rollup solution is complementary to the company's collaboration with carbon intelligence platform Climatiq. In 2024, the companies announced the integration of Climatiq's carbon footprint calculation API across the Epicor portfolio to help businesses work toward sustainability goals without compromising profitability.
TECHx
21-05-2025
- Business
- TECHx
Epicor Kinetic Adds Carbon Cost Rollup Solution
Home » Top stories » Epicor Kinetic Adds Carbon Cost Rollup Solution Epicor, a global provider of industry-specific enterprise software, has announced a new addition to its Epicor Kinetic platform. The company revealed the launch of its patent-pending Carbon Cost Rollup solution. This solution is built into Epicor Kinetic, the Epicor Industry ERP Cloud designed for manufacturers. It introduces a new approach to carbon tracking by applying standard cost rollup methods to emissions data. Epicor reported that the feature treats CO2 emissions like currency. This enables manufacturers to calculate their carbon compliance reporting with greater precision. According to Epicor Group Vice President Kerrie Jordan, the idea stemmed from feedback received through the company's Customer Advisory Board. She said the new tool addresses the need for a simplified method of environmental accountability and reporting in the manufacturing sector. Jordan added, 'I am incredibly proud of our team's achievements in building a solution that addresses those needs and empowers organizations to mitigate climate change by prioritizing areas for emissions reduction and addressing their carbon footprint with the same precision and rigor as their financial costs.' The Carbon Cost Rollup process starts at the bill of materials and operations level. It calculates the carbon cost for each component. As the calculation moves upward through the product structure, the total carbon cost becomes clear. This method simplifies the complex process of carbon accounting. It also integrates smoothly with existing cost accounting tools, reducing the need for extensive user training. Epicor also reported that this new solution complements its partnership with Climatiq. In 2024, Epicor announced the integration of Climatiq's carbon footprint calculation API across its portfolio. Helps businesses achieve sustainability goals Supports compliance without affecting profitability With this launch, Epicor aims to support manufacturers in tracking sustainability metrics more effectively. The Carbon Cost Rollup tool strengthens Epicor Kinetic's capabilities in environmental and cost accounting.
