Sourcing and procurement challenges for chemical manufacturers arise in the form of increasing number of regulations, volatile process of the feedstock or raw materials, changing demand-supply situations etc. All these lead to a direct hit on revenues for the players in the chemicals sector. Identifying cost saving opportunities by aligning business goals with short & long-term business strategies, procurement experts at SpendEdge offer actionable insights that will help clients in the chemical industry realize their key spend areas, assess the supplier landscape in a better manner, and make informed decisions. We also offer raw materials specific insights to help clients better understand the best sourcing destinations, price fluctuations and forecasting, contracting best practices etc., to help category managers plan better and optimize profit margins.
Categories we Cover
Sectors we Serve
Basic and Specialty Chemicals
Though the economic uncertainty and the need for innovation pose a challenge for companies in the basic and specialty chemicals industry, the fluctuating prices of raw materials and the associated supplier risks have a greater impact. Executing global teams consisting of category and commodity experts SpendEdge develops a quantitative cost model and recommends best practices to streamline your supplier chain. With a detailed analysis of the supply market and the impact of various factors on the current and future markets, we also forecast future risks both from the demand and supply sides which will help you minimize or wholly eliminate the impact of price volatility.
Paints and Coatings
While the short-term cost-cutting measures would help companies in the paints and coatings industrial sector balance the high capital costs and ever-increasing energy expenditures, they will eventually result in affecting the organization’s operational productivity, in turn, leading to decreased market responsiveness. Realizing the need to improve cost savings, SpendEdge helps category managers effectively analyze all the possibilities related to the supply market, develop cost models to understand the various cost components, better negotiate with suppliers, and develop effective sourcing and procurement strategies.
With the reduced availability of land offering immense growth opportunities, the agrochemical industry also faces a number of internal and external challenges. And as for sourcing and procurement, the need to respond effectively to unanticipated variations in commodity prices comes as a major challenge. Despite the emergence of cheaper and alternative forms of energy, manufacturers mainly use natural gas or crude oil as the feedstock, which accounts for the major share of production costs. Our soultions are tailor made to help agrochemical companies understand the best cost sourcing destinations, understand the various cost elements and assess the impact of the various elements on the overall cost structure, understand the engagement and pricing models etc., to identify best ways of cost savings and achieve sourcing and procurement excellence.