article thumbnail

Study Shows Two-Thirds of Companies Yet to Execute Digital Transformation in Supply Chain Planning

ToolsGroup

Digital transformation is not seen as a singular activity but a set of interrelated activities that span across people, process, technology, policy, and metrics,” said George Fowler, group vice president in Spinnaker’s Supply Chain business unit. Visit www.ToolsGroup.com and follow us on Twitter @ToolsGroup. About Spinnaker.

article thumbnail

Driving domestic production of critical materials and rare earth elements

Resilinc

The International Energy Agency recently estimated that demand for these five minerals and rare earth elements will grow ten times by 2040 in a baseline scenario based on current government policies—and by 30 times in a scenario with more aggressive policies. In 2002, after the only major U.S. Warning that the U.S.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

2024 Predictions for Industry and Global Supply Chains- Prediction One

Supply Chain Matters

There are building needs for positioning supply chain risk mitigation strategies toward more implied regionalization of supply chain sourcing, along governmental induced trade policies impacts on industry supply networks. Global trade was reportedly set to contract by 5 percent in 2023 compared to 2002, amounting to upwards of $30.7

article thumbnail

Snapshot of 2023 Predictions for Industry and Global Supply Chains- Part One

Supply Chain Matters

Downside risks that include monetary policy miscalculations, an uncertain outcome to the ongoing Russia-Ukraine conflict and further supply network disruptions as a result of more far-reaching spread of Covid variant infection rates across China. Global trade slowing to one percent from an estimated 3.5 percent in 2022 and 9.7 a 30-month low.

article thumbnail

History and Evolution of Supply Chain and Logistics

SCMDOJO

Logistics was first applied and recognised in military operations, its most significant impact is felt through the functions of production, distribution and consumption (Rodrigue and Slack, 2002). Also, traditional logistics focuses its attention on activities such as procurement , distribution, maintenance, and inventory management.

article thumbnail

Are You Active in the Digital Transformation Drinking Game?

Supply Chain Shaman

The 1610 SAP S/4 HANA release includes advancements in response management (allocation, ATP and order management) and procurement tracking and collaboration of purchase order workflows. SAP APO became the market share leader for supply chain decision support in 2002. SAP IBP is immature. Connecting the dots is difficult for everyone.

article thumbnail

GAAP for Accounts Payable: What it is and why it's important

Precoro

GAAP helps policy boards regulate accounting within the business environment. Accounting policies and assumptions in areas such as inventory valuation methods, depreciation methods, and criteria for estimating fair value.  Since 2002 they have been cooperating to unify IFRS and GAAP into one global standard.