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Continuing the Integrated Supply Chain Management Concept

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Core Principles of Integrated Supply Chain Management Integrated Supply Chain Management (ISCM) is built on a foundation of core principles that guide its implementation and ensure the attainment of sustainable value. One of these principles is the concept of the remote cause, which emphasizes the importance of conducting a thorough review of all established norms, processes, and procedures before initiating any activity. This ensures a comprehensive understanding of the environment in which decisions and actions are made. The ultimate goal is to achieve efficiency and optimization, resulting in what is known as Absolute Value. Understanding Absolute Value Absolute Value refers to the actual gain derived from an activity, decision, or action. It represents the life-cycle composite gain, which is directly correlated with three key aspects: Predictive Results : The maximum returns achievable through strategic planning and execution. Progressive Results : The accelerated rate of ret...
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Sims Faces $25M Loss as It Ditches Circular Plastics Technology

The news: Sims, a company involved in metals recycling, announced it will discontinue efforts to develop and bring to market plasma-assisted gasification technology aimed at treating automotive shredder residue waste.

The numbers: Sims mentioned that the expenses related to closures are anticipated to reach approximately $4 million in the latter part of fiscal year 2025, along with a non-cash writedown of $21 million.

The context: Following a market evaluation of the technological and commercial feasibility, the firm decided to proceed with this plan. They acknowledged that even though the concept of a circular plastic economy is progressing, they determined that “present market circumstances do not favor expanding the use of this technology.”

Original article: https://www.vtrik/briefing/sims-takes-25m-hit-from-discontinued-circular-plastics-technology-d0979266-e923-449e-adcc-00518b240237

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