Case Study: Streamlining Purchasing for a Growing Chemical Manufacturer
A mid-sized chemical manufacturer was experiencing rapid growth, but their purchasing processes hadn't kept pace. They lacked the internal resources and expertise to effectively manage their chemical sourcing, leading to higher costs and supply chain inefficiencies. Fisher Specialty Advising, in partnership with SC CHEM, was brought in to optimize their chemical purchasing.
The Challenge
The manufacturer's decentralized purchasing process resulted in inconsistent pricing, limited supplier leverage, and a lack of visibility into their overall chemical spend.
The Process
We conducted a detailed spend analysis, identifying key chemical purchases and current suppliers. We then leveraged our partner SC CHEM's expertise and global network to identify and vet alternative suppliers, both domestically and internationally. We consolidated purchasing contracts, negotiated better pricing, and implemented a centralized purchasing system.
Key insights and results.
By centralizing their chemical purchasing and leveraging our global sourcing capabilities, the manufacturer achieved significant cost reductions. We streamlined their procurement process, improved supplier relationships, and provided them with access to a wider range of competitive pricing options. This allowed them to focus on their core manufacturing operations and support their continued growth.
