Sourcing for Commodity Chemicals and Intermediates can be a daunting task, but Source One can help
The sourcing of direct materials such as chemicals and Intermediates can be incredibly time consuming and cumbersome for internal procurement and sourcing groups. Besides being highly complex and specification driven, sourcing for chemicals and Intermediates provides several other unique challenges including; geographically-driven pricing, high base ingredient quality standards, an evolving global marketplace, product and supplier consistency, and risks of supply loss and disruption. Add in the burden of managing your other daily responsibilities and developing sustainable chemical and Intermediates supplier relationships, and at the end of the day there simply isn’t that much time left to properly source your chemical spend. We are here to help. Utilizing our services for commodity chemicals and Intermediates, Source One can leverage your internal resources and supplement them with our time, our market intelligence and our own resources to ensure you are getting the best price from the best supplier at the highest quality in the right lead-time.
Our Sourcing Services for Commodity Chemicals and Intermediates: Evaluating Supplier Services and Pricing
We help you identify the best chemical and intermediates suppliers and improve the relationship and price with your existing chemical suppliers. Whether it is speaking with your incumbent suppliers or qualifying chemical supplier alternates in the market, Our chemical and Intermediates sourcing team concentrates on your individual needs and a core set of factors in order to evaluate potential suppliers/distributors and their offerings. These factors include:
- Individual chemical and non-chemical product and service diversity and portfolio
- Ability to meet the unique qualitative and quantitative requirements of your organization and your chemical specifications
- Location of supplier’s chemical or base ingredient distribution centers and product lead times to each of your facilities
- Ability to provide just-in-time delivery – on a 24/7 schedule – to keep your production line moving with minimal carry and holding costs
- Competiveness in price and index tracking methodology
- Payment terms and ancillary fees such as delivery, fuel, energy, and tote maintenance/replacement surcharges
- Ability to hold and manage chemical and Intermediates product inventory – consignment, VMI, and tank telemetry services
- Chemical and Intermediates Supplier or chemical and Intermediates distributor specialized value-added benefits
Procurement departments face the daily challenges of ensuring timely delivery of chemicals and Intermediates while keeping track and mitigating fluctuating pricing. Source One’s strategic sourcing team qualifies and establishes a base of dependable and best-in-class suppliers, giving you the tools to increase your department’s efficiency and the much needed breathing room to deal with the inevitable last minute orders.
Sourcing Services for Commodity Chemicals and Intermediates: The Source One Approach
Our sourcing team has more than two decades’ experience successfully sourcing a variety of products across hundreds of categories for our clients in the manufacturing, Pharmaceuticals, Textiles,agricultural, food, and personal care industries. This has included many chemical-related categories, such as:
- Polymers
- Bulk Petrochemicals & Intermediates
- Inorganic Industrial Chemicals
- Organic Industrial Chemicals
- Solvents
- Fertilizers
- Fragrances & Flavors
- Specialty Chemicals and Enzymes
- Pharmaceuticals Intermediates
Our chemical and Intermediates sourcing experts develop an individual strategy for each client and carries out a thorough market assessment to generate as detailed a profile possible of each target supplier, gather pricing quotations, and capturing the current state of the market. We streamline the product comparison process by gathering and managing specification sheets, COAs, MSDAs, and other necessary certifications.
Our sourcing team then leverages our internal database of price points gathered from decades of sourcing events, along with current market intelligence during the negotiation and contracting phase of the initiative, to realize savings through cost reductions and program concessions. Substantial chemical savings can be achieved with the implementation of tiered and performance based rebate programs, which our sourcing teams can negotiate for you with the supplier. Our chemical and Intermediates sourcing team is also experienced in negotiating additional value adds such as extended payment terms, inventory management, and comprehensive training programs, which are never overlooked in the course of our strategic sourcing initiatives for our clients.
Chemical markets are constantly moving, and keeping track and understanding how to leverage your spend volume in an ever-changing environment can be difficult and time consuming. Using our database of market intelligence and subject matter expertise, Our sourcing team can quickly identify and implement the cost savings opportunities that make the most sense for your organization.
Contact us today to learn more about how we can help your company get the best chemicals and Intermediates at the best price.