Firms in the chemical industry have not been as aggressive as those in some other sectors in adopting digital technologies. This has happened despite the fact that senior executives at many of these com panies are aware of the range of benefits that digitization can offer in improving their chemical suppy chain. If a chemical […]
HOW TO OPTIMIZE YOUR CHEMICAL SUPPLY CHAIN Read More »
Purchasing departments that handle the procurement of chemicals often face customer service issues. The level of difficulty in resolving a problem that chemical buyers experience is usually inversely proportional to the size of the buying organization. Large com panies demand and receive a high level of service. Suppliers go out of their way to ensure
CHEMICAL CONSUMERS CAN RECEIVE BETTER CUSTOMER SERVICE BY SHIFTING PURCHASES ONLINE Read More »
The global chemical industry is undergoing rapid change. Both demand and consumption of chemicals are shifting eastwards as new manufacturing facilities com e up and China’s consumption levels rapidly increase. New production capacities are being developed in the Middle East and in other non-traditional areas. How does all this impact the incumbent chemical com panies?
WAITING TO BE DISRUPTED – THE CHEMICAL INDUSTRY AND PORTER’S FIVE FORCES Read More »
The price volatility of raw materials can result in rising costs, lower profitability, and a desperate last-minute hunt for new suppliers. But finding alternative sources of supply for chemicals is a time-consuming process involving the verification of the seller’s reputation and its ability to honor its com mitments. Chemical consumers have evolved various methods to
MAINTAINING AN UNBROKEN CHEMICAL SUPPLY CHAIN– THE CASE FOR ONLINE TRADING PLATFORMS Read More »
Large chemical com panies have elaborately designed supply chains that are capable of meeting fluctuations in demand for raw materials. They have several suppliers for each of their requirements. A supplier is approved only after a rigorous process that involves verification of the quality of the chemicals supplied, adherence to time com mitments, and com
FLEXIBILITY IN CHEMICAL SUPPLY PROCUREMENT Read More »
Chemical buyers often have to perform a careful balancing act in the process of meeting conflicting priorities. Every purchase needs to be made at the lowest possible cost and from the most dependable supplier. Buyers also need to bear in mind that the quality of raw materials procured has to meet the required specifications. Even
PRE-APPROVED SELLERS SIMPLIFY CHEMICAL SUPPLY CHAINS Read More »
Supply chain management in the chemical industry can be a challenging task. Identifying a reliable supplier of the required raw material could take days if not weeks. Once this task is com pleted, it would be necessary to negotiate a mutually acceptable set of terms and conditions. By the time an order is placed, the
E-com MERCE PLATFORMS – PROVIDING CHEMICAL BUYERS A com PETITIVE EDGE Read More »
Small and medium-sized chemical consumers often find it difficult to get their suppliers to reduce prices or to offer them other concessions. With relatively low buying power, these firms are at the mercy of the com panies from whom they source their raw materials. One option is to look for alternative vendors. But this strategy
ONLINE PLATFORM FOR CHEMICALS – A BOON FOR CHEMICAL BUYERS Read More »
The availability of reasonably priced chemicals that meet stipulated quality standards is critical to the success of manufacturing com panies. High-quality raw materials will lead to the production of high-quality end-products. Conversely, if com promises are made at the procurement stage, the results can include customer dissatisfaction and lost orders. But purchasing departments cannot select
SOURCING CHEMICAL SUPPLIES FROM INTERNATIONAL MARKETS Read More »
The global chemical industry is dominated by a few large com panies and thousands of smaller firms. The range of products that they produce runs into the tens of thousands. Many products can be manufactured in various grades. All this makes for a mind-boggling range of options for a com pany looking to buy chemicals.
KNOWLEDGE IS POWER – THE QUEST FOR ACTIONABLE INTELLIGENCE BY CHEMICAL com PANIES Read More »
