Standards and Interoperability for the Metal Industry
Industry standards in the metal industry are starting to gain more attention since these have been proven to improve the efficiency of collaborative business process scenarios in the supply chain.
The International Iron and steel Institute (IISI) forecast that the total use of steel products continues to show strong growth in all regions of the world. The largest contributor is this growth is the double digit growth for steel in China, while India also shows a high steel demand growth. How to retain profits out of the current high demand and without excessive inventory will play a key role in which companies succeed in this industry. In addition, innovation and Information technology are the key success factors in this industry.
Business Process Standards for the Metal Industry
These are the key business standards in the Metal industry that help customers achieve the business value of a service-oriented architecture.
Vertical Industry Standards for the Metal Industry
The metal industry is a key supplier to a number of other manufacturing industries. As such, companies in the metal industry frequently have to support industry standards for other vertical markets including high tech, automotive, mill products and others.
More on Standards and Interoperability
Financial Regulatory Compliance Affecting the Metal Industry
SAP is the leading enterprise software solution for accounting, financial reporting, performance management and corporate governance. SAP solutions address a broad range of compliance and governance issues, including Sarbanes-Oxley, IFRS, Basel II, Global Trade Compliance and Environmental Health and Safety.
Standards and Service-Oriented Architecture (SOA)
SOA is a business-driven software architecture that increases adaptability, flexibility, openness, and cost-efficiency. With SOA, organizations can compose applications and enable business processes rapidly using enterprise services. With SOA, organizations can improve their reuse of software and become more agile in responding to change. Standards are critical to SOA as they enable SAP and non-SAP applications and services to interoperate, so that they work together as seamlessly as possible, without adding unnecessary cost and risk to the business.