Bigbasket, a TATA Enterprise, has introduced BB Matrix, an all-in-one SaaS-based supply chain platform designed to provide complete visibility across the entire supply chain for enterprises globally. The launch of BB Matrix is timely, as there is a growing global demand for supply chain management software.
BB Matrix is designed to adapt seamlessly to changing market conditions. Whether the need is for inventory forecasting, stock replenishment, storage, payments, delivery, or handling returns, the platform offers real-time updates and quickly identifies bottlenecks. This capability allows users to make informed decisions, essential for building resilient supply chain processes. BB Matrix boasts a vast infrastructure and global network, with a nearly 99.1% on-time delivery record, helping clients deliver excellent customer experiences and achieve optimal outcomes in their supply chain operations.
A Gartner report projects that global annual spending on SCM software will rise to $62 billion by 2028, up from $29 billion in 2023, with a compound annual growth rate (CAGR) of 16.3%. Under the leadership of Hari Menon, Co-Founder and CEO of Bigbasket, and Rakshit Daga, Chief Product and Technology Officer, BB Matrix aims to offer next-generation supply chain solutions that reduce costs and enhance productivity. This SaaS-based solution promises to cut transportation costs by nearly 50%, reduce lead times by around 60%, and ensure up to 100% supply chain visibility with its advanced features.
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