What are the biggest challenges in the precious metals industry?
The precious metals market is a key economic sector that extends far beyond pure aesthetic appeal. Precious metals are naturally rare and among the world's most economically valuable resources. Their unique properties, such as corrosion resistance and high conductivity, make them indispensable for numerous industries. In addition to classic precious metals such as gold, silver, and platinum, rare materials (e.g. tungsten and cobalt) and versatile alloys such as bronze and aluminum are also becoming increasingly important.
This dynamic market combines the factors of rarity, technical utility, and innovative strength, driving developments in a wide range of industries - from high-tech to sustainable applications.
The precious metals market can be broadly divided into three main segments, which each present specific challenges.
A conversation about perspectives and IT solutions in transition
In our interview with Wolfgang Wrzesniok-Roßbach (Managing Director | Fragold GmbH) and Stephan Koob (Unit Lead Precious Metals | Scheer IDS), you can learn more about the opportunities and challenges facing the precious metals industry. We talk about this year's first Future Forum on Precious Metals and highlight perspectives and developments, particularly in the areas of sustainability, traceability, digitalization, and artificial intelligence. In addition, we shed light on the exciting future of the industry and how important industry experience is for IT transformation projects in this highly specialized sector.
What are your advantages with Scheer IDS?
The precious metals industry is characterized by several specific challenges that must be addressed individually and in a differentiated manner. With over 15 years of specific industry experience, we are familiar with the special characteristics and dynamics of the market. Combined with a deep understanding of the processes, we offer customized systemic solutions that are precisely tailored to your needs and requirements.
You benefit from:
- Market knowledge: Our extensive understanding of the processes, challenges, and dynamics of the precious metals industry makes us a strong partner.
- Transparency and traceability: With our expertise, we create systems that seamlessly document the origin and processing of your precious metals — an important step toward avoiding “blood gold” and complying with international standards.
- Risk management: Our strategies help you effectively manage the volatility of precious metal prices and currency risks.
- Use of SAP S/4HANA: Wherever possible, we leverage the advantages of the SAP S/4HANA standard to make your processes efficient and lean.
- Customized solutions with SAP BTP: For specific requirements, we develop tailor-made extensions based on the SAP Business Technology Platform (BTP), which guarantee flexibility and scalability.
- SAP Commodity Management: This specialized solution supports you in managing contracts, hedging against price risks, and optimizing precious metal trading.
