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Part I –– ERP Helps Chemical Manufacturers Survive and Thrive in Trending Conditions

05/24/2015

Increased regulation. Big data management. Rising cost of raw materials. Gas and oil booms … and collapse in pricing. Chemical leaks and spills that hurt the industry’s reputation . . .

No doubt, you’re currently feeling the effects of some, or all, of these marketplace trends as a chemical manufacturer. We’re sure you also realize the need to mitigate the effects of these issues as you plan to remain in business through this decade and beyond. Have you considered implementing an Enterprise Resource Planning (ERP) solution as part of your strategic plan for the future? There are many benefits to investing in an ERP.

ERP provides chemical manufacturers with a proven technology solution to create greater productivity and profitability. You benefit from real-time, total visibility of your entire operation­­––manufacturing, quality, inventory, sales, financials. All of your mission-critical information is also stored in, and retrieved from, a single, dynamic database. Plus, this data is integrated with business intelligence tools for generating detailed reports for up-to-the-minute and long-term analysis and decision-making.

The American Chemistry Council observes in its 2014 industry situation outlook––American Chemistry Builds Momentum––that chemical manufacturers will continue to be on the leading edge of product development and innovation to improve efficiencies in 2015. The Council recognizes that “U.S. chemical output will improve during 2015 and into the second half of the decade.” In fact, growth is expected to increase from 2 percent in 2014 to 3.7 percent in 2015, and 3.9 percent in 2016, reaching $1 trillion in sales by 2019.

So, ask yourself . . . Is your chemical manufacturing plant poised to create new products and prepared to innovate and tackle inefficiencies?

ERP is designed to respond to your unique needs. It provides:

  • Advanced scheduling functionality for effective batch sizing, scaling, and scheduling
  • Formulation capabilities for intelligent calculations (formula/batch entry/packaged), batch sheet processing, packaged batch ticket processing, private labels, custom orders, bills of lading, etc.
  • Research & Development features that allow chemists to create and pilot new formulas
  • Production management and execution capabilities to assist with materials planning, consumption and production, batch sheet processing, private label, contract manufacturing, customer orders, and more
  • Materials requirements planning (MRP) for more efficient and effective planning and use of resources
  • Inventory control functionality for reliable handling, lot tracking, costing, and visibility, plus reports to analyze and manage costs, stocking levels, etc.
  • Physical Inventory and cycle counting features supported through barcode scanning, streamlining these activities, improving accuracy, and improving your bottom line
  • Quality control functions to assist with monitoring and maintaining material specifications, stability, expiration and generation of Certificates of Analysis for your customers––and forward/backward lot traceability.
  • GHS compliance––Global Harmonized System of Classification, Food and Drug Administration, and REACH for Safety Data Sheet authoring for hazardous materials
  • And more!

For more trends and insights from PricewaterhouseCooper’s (PwC) Breakthrough Innovation and Growth Report and from ProcessPro’s knowledgeable staff, please continue to read Part II of this blog series.

ProcessPro has extensive experience with batch process manufacturers in the chemical industry––adhesives, specialty chemicals, lubricants, inks and paints, plastics, polymers, resins, and more. We can help you respond to concerns like big data costs, compliance, quality, and customer relationship management with ProcessPro's ERP solution.

Contact us to discover how this ERP solution can work to help your business run more efficiently and grow more profitable in light of 2015 economic trends.

Tags: Chemical Manufacturing