A FRAMEWORK FOR ENSURING QUALITY CHEMICAL PURCHASES

The success of a manufacturing process is often dependent upon the quality of the chemicals that are used. Purchasing departments face the challenge of buying raw materials that meet required specifications and are priced within the stipulated budget. In many instances, it is not possible to satisfy both these requirements. Consequently, a choice has to …


BUILDING AN EFFICIENT CHEMICAL SUPPLY CHAIN

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 …


DIGITALIZATION IN PETROCHEMICALS – PART 8: SUMMARIZING DIGITALIZATION IN PETROCHEMICALS

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 company’s strategy that should be in line with existing processes and functions. Digitalization can do more than …


DEVELOPING AN EFFECTIVE CHEMICAL PROCUREMENT STRATEGY

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 commitment. To tackle a contingency of this …


DIGITALIZATION IN PETROCHEMICALS – PART 7: FOCUS ON MARKETPLACES

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 companies are building a portal, …


GETTING THE BEST PRICES FOR CHEMICALS BY OPTIMIZING PURCHASES

A manufacturing company that spends large amounts on the purchase of chemicals can gain a significant cost advantage if it is able to bring down the amount that it pays for its purchases. Many organizations however, assume that optimizing the procurement function is limited to getting the lowest possible prices from their suppliers. A fact …