ChemConnect launches leveraged procurement solutions

29-Apr-2003

ChemConnect, Inc. a leader in helping customers optimize their purchasing and sales processes for feedstocks, chemicals, plastics, and related products, announced today the availability of new Leveraged Procurement Solutions designed to optimize the purchasing of smaller volumes of product by consolidating them in logical lots as a means to increase buying power and enhance seller value. The new service has evolved from member-specific events managed by ChemConnect and is a customer-proven approach to streamlining smaller volume purchases. The growth of online procurement for chemicals, plastics and related indirect purchases such as logistics and packaging materials has contributed to the optimization of purchasing and sales processes. To date, activity has been predominantly focused on large-scale purchases; however, procurement organizations are turning to ChemConnect's Leveraged Procurement Solutions to realize significant value by aggregating and organizing smaller-value products into manageable and repeatable auction events. ChemConnect's team of domain experts helps members identify goods that they may not have considered for online negotiation and devises and manages aggregation strategies as a means to create larger multiple product lots to drive supplier interest. For buyers, ChemConnect's service team provides strategic management to help develop effective events. Sellers benefit from the consolidation of smaller sales into larger lots, converting what have traditionally been viewed as non-strategic sales into attractive opportunities. Both buyers and sellers benefit from a streamlined process, resulting in considerable time savings, optimizing internal resources.

https://www.chemeurope.com/en/news/22578/chemconnect-launches-leveraged-procurement-solutions.html