Increasing Security of Supply and Competitiveness Through Monitoring of the Physical Economy in Companies and Along Supply Chains
MinFuture Business Brief (D6.4.2)
Araujo Sosa, A.; Hirschnitz-Garbers, M.; Müller, D.; Rechberger, H.; and Liu, G. (2018). Increasing security of supply and competitiveness through monitoring of the physical economy in companies and along supply chains. MinFuture Business Brief (D6.4.2); Ecologic Institute: Berlin
The MinFuture project has developed a framework aimed at providing guidance on how to perform a more systematic physical accounting, as well as steps to help implement such a system. The MinFuture Business Brief is available for download.
The key recommendations are:
- Establish physical accounting linked to financial accounting at site and company levels in order to gain new insights into potentials for improving resource efficiency, reducing costs, and to simplify and clarify reporting.
- Develop, in cooperation with other businesses and government organisations, a monitoring of the physical economy along the supply chain in order to obtain insights into opportunities and risks for supply chain security, recycling and environment strategies, alternative business models, and procurement practices.