Chemical consumers face the challenge of identifying suppliers who can deliver raw materials of the required quality at a fair price. Once they have found a reliable vendor, buyers have a tendency to continue the association even if there is a possibility of finding alternative sources that are more economical. Why should the purchasing department …
HOW CHEMICAL BUYERS CAN OVERcom E QUALITY ISSUES BY BUYING ONLINE 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 »
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 chemical industry is seeing rapid growth and innovation as key end-use markets witness increasing demand. The US chemical industry alone is “an $801 billion enterprise” accounting for 14% of the country’s exports and 15% of the global chemical market. World chemical production grew by 2.8% in 2015. It is expected to expand by a further …
CHEMICAL INDUSTRY TRANSFORMATION – AN IMPERATIVE FOR GROWTH 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 »
Organizations that consume chemicals require their suppliers to provide efficient and proactive customer service. A supplier who takes an inordinate amount of time to respond to a query or fails to respond to a specific request for information is likely to be dropped at the first opportunity. Customer service in the chemical industry fulfills …
CUSTOMER SERVICE PARADIGMS FOR THE CHEMICAL INDUSTRY Read More »
If you have been keeping up with this blog series, we are by no means saying that traditional distribution channels are obsolete or redundant. But, we urge you to consider digitalization as an important piece of a petrochemical com pany’s strategy that should be in line with existing processes and functions. Digitalization can do more …
DIGITALIZATION IN PETROCHEMICALS – PART 8: SUMMARIZING DIGITALIZATION IN PETROCHEMICALS Read More »
Let’s spend some time focusing on digital marketplaces, not because that’s what Kemgo is, but, rather, because marketplaces are a solution that makes digitalization a little less overwhelming Essentially, if digitalization is a path that you would like to go down, it can be very accessible through online marketplaces. Some com panies are building a …
DIGITALIZATION IN PETROCHEMICALS – PART 7: FOCUS ON MARKETPLACES Read More »
Chemical com panies that enhance their digital B2B capabilities will be in a better position to adapt to a changing com petitive landscape. They can take advantage of several important opportunities, including deeper and stronger customer relationships, streamlining lead qualifications, and extending com pany reach. New distribution channels make it possible to reach more customers …
DIGITALIZATION IN CHEMICALS – PART 6: THE BENEFITS OF DIGITALIZATION IN CHEMICALS Read More »
