Over recent years, there have been various industry developments that served as or caused trends in procurement. These procurement trends include technology changes, novel strategic approaches, new processes, and necessary adaptations to change. As supply chains become increasingly complex, procurement has become highly crucial and influential in the production process and continues to grow.
SpendEdge provides the building blocks of success for chemical sourcing and procurement in a fluctuating global environment.
Chemicals Industry Overview
Sourcing and procurement challenges for chemical manufacturers arise in the form of an increasing number of regulations, the volatile processes for feedstock and raw materials, changing demand-supply situations, and more. All these lead to a direct hit on revenues for players in the chemicals sector. Identifying cost-saving opportunities by aligning business goals with short- and long-term business strategies, procurement market intelligence experts at SpendEdge offer chemical sourcing and procurement solutions 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 forecasts, contracting best practices, and more, allowing category managers to plan better and optimize profit margins.
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 the best chemical sourcing and procurement strategy 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 short-term cost-cutting measures can help companies in the paints and coatings industrial sector balance high capital costs and ever-increasing energy expenditures, they will eventually affect the organization’s operational productivity, leading to decreased market responsiveness. By realizing the need to improve cost savings, SpendEdge’s procurement market intelligence solutions help 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 faces a number of internal and external challenges. 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 alternative forms of energy, manufacturers mainly use natural gas or crude oil as the feed stock, which accounts for a major share of production costs. Our procurement market intelligence solutions are tailor-made to help agrochemical companies understand the best cost-sourcing destinations, the cost elements and impacts of the various elements on the overall cost structure, and the engagement and pricing models to identify the best ways of saving costs and achieving sourcing and procurement excellence.
Direct and Indirect Spend Categories
- Base chemicals
- Specialty chemicals
- Active ingredients
- Color, pigment, and dyes
- Carbon blacks
- Metal oxides
- Metals and plastics
- Fabricated products
- Mechanical components
- Electrical and electronic components
- Process automation & control equipment
- Capital machinery and equipment
- Packaging materials
- Facility management services
- Facility equipment and supplies
- Corporate services
- Professional services
- Travel and entertainment
- Telecom and networking
- IT services
- Office supplies and equipment
- Computers and peripherals
- Logistics and transportation
Trusted by Industry Experts
“…the interim reports are very helpful to track the progress and we are impressed with the way in which the project is moving, as we had discussed on kick-off calls…”
“…Thank you for the excellent reports; these are well done. You’ve adequately addressed our questions…”
SpendEdge’s Cost Benefit Analysis Helps a Specialty Chemicals Manufacturer Identify the Key Cost Elements
Case Study: Spend Analysis Helps a Fine Chemicals Industry Client Boost Operational Efficiency Across the Supply Chain
Latest Industry Insights
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Getting Down To Business
SpendEdge empowers the building blocks of success for dynamic procurement of raw materials in a fluctuating global environment.