Cloud or Software-as-a-Service (SaaS) as a technology and business deployment model has won the war versus the traditional on-premise model for software, as it has transformed the development, delivery, and deployment of most categories of business applications. The economic benefits are well known and proven at this point such as ease of deployment, maintenance/upgrades, and financing (e.g. annual subscription versus one-time license). As a result, virtually all new applications are developed for the cloud; on-premise application development is in maintenance-only mode.
But, you knew that.
What you may not fully appreciate is that, in the case of supply chain risk management (SCRM), the cloud has not only transformed the economics of delivering tools that automate existing processes, but it has transformed what is possible.
As a result of cloud technology, the SCRM process has been completely redefined by the enablement of two core capabilities that can be described as the pillars of a true paradigm shift.