SAP has been delivering on its chemicals industry strategy by expanding its capabilities for manufacturing and supply chain management, broadening its composite package applications in areas such as emissions management, pricing management, and manufacturing dashboards, and focusing on mid-market companies.
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optimize consignments or vendor-managed inventory (VMI), and is also working on improving functionality for collaborative planning, forecasting, and replenishment (CPFR). Another SAP composite application for the chemicals industry is SAP Global Trade Services ( SAP GTS), which was released in 2004 and upgraded in early 2005 (see GTM Solutions—Always Watch Out for SAP ). This application helps companies establish a corporate-wide standard for trade processes across SAP and non-SAP systems, so as to