ONLINE PLATFORMS HELP CHEMICAL BUYERS MEET COMPLIANCE NORMS

Purchasing departments in chemical companies face increasingly complex challenges in procuring raw materials. While it is important to ensure that the chemicals being bought meet quality norms and are priced competitively, it is also essential to meet all the applicable regulatory requirements. However, government regulations are constantly changing and new laws and rules are introduced …


FLEXIBILITY IN CHEMICAL SUPPLY PROCUREMENT

Large chemical companies 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 commitments, and compliance with regulatory …


PRE-APPROVED SELLERS SIMPLIFY CHEMICAL SUPPLY CHAINS

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 …


SOURCING CHEMICAL SUPPLIES FROM INTERNATIONAL MARKETS

The availability of reasonably priced chemicals that meet stipulated quality standards is critical to the success of manufacturing companies. High-quality raw materials will lead to the production of high-quality end-products. Conversely, if compromises are made at the procurement stage, the results can include customer dissatisfaction and lost orders. But purchasing departments cannot select materials only …


BENEFITS OF RATIONALIZING CHEMICAL SUPPLY CHAINS

Chemical procurement is becoming increasingly complex with multiple sources being available for each material, a wide variation in quality, and the inability of purchasing companies to conclusively determine the credentials of a new supplier before an order is actually placed. If companies can simplify their purchasing processes, there are tremendous gains to be made. The …


REGULATORY REQUIREMENTS IN CHEMICAL PURCHASES

When an organization is on the lookout for a new chemical supplier, it is essential that it first verifies that the company 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 responsible …


FINDING THE RIGHT SUPPLIER – A PRIORITY FOR CHEMICAL BUYERS

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 commitments of this type often tie you down and prevent you from taking advantage of changing market conditions.   On the other hand, if you divide …


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 …


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 …