Sourcing and Procurement of Chemicals

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

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

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

Chemical procurement is becom ing increasingly com plex with multiple sources being available for each material, a wide variation in quality, and the inability of purchasing com panies to conclusively determine the credentials of a new supplier before an order is actually placed. If com panies can simplify their purchasing processes, there are tremendous gains

When an organization is on the lookout for a new chemical supplier, it is essential that it first verifies that the com pany meets regulatory requirements. In fact, it is important to carry out this check even for purchases from existing sources because of frequent changes in the applicable rules and regulations.   Manufacturers are

Identifying the chemical suppliers that can deliver the greatest value to your organization is a challenging task. Long-term agreements for bulk purchases can get you the best rates. But com mitments of this type often tie you down and prevent you from taking advantage of changing market conditions.   On the other hand, if you

The volume of chemicals required by an organization often fluctuates. During certain periods, consumption may follow a steady pattern.  At times like this, it is a relatively simple task to ensure that adequate supplies are at hand. Suppliers are aware of the type and quantity of chemicals that a consumer needs. They have enough time

The purchasing department in a manufacturing organization that requires a steady supply of various chemicals, fulfills its role by playing a delicate balancing act. It is necessary to ensure that the production process is not disrupted due to a supplier, or a distributor failing to meet a delivery com mitment. To tackle a contingency of