Five challenges faced by specialty chemicals suppliers and how to solve them

Regulatory updates, modifications, new compliance requirements, and ongoing adjustments to OSHA, DHS, HCS, cfats, reach, and FDA requirements are unique challenges that professional chemical suppliers face every day.

What are the five challenges for specialty chemicals suppliers?

So far, the biggest challenge for us to talk to our customers about specialty chemicals is their regulatory requirements. These changes come very quickly, including all kinds of related costs and efforts.

The second challenge is the increase in the cost of raw materials and products, as well as market changes and the way these costs are affected.

The third challenge is global competition and the pursuit of higher quality at lower cost margins.

Our clients tell us that mergers and acquisitions are the fourth challenge. The question we hear is "is the right business system suitable for a new merger or acquisition?" is the existing business system scalable

Finally, the fifth challenge that our specialty chemical manufacturing customers care about is new product development. Executives want to know "are you developing the right product?" what are the associated costs and what are the time constraints

Solving five challenges of special chemicals with technology

Is your company facing these challenges? Choosing the right technology platform, including the enterprise resource planning (ERP) system, is the best place to start. The following are four characteristics of ERP solutions to consider:

Consider a business system that complies with global regulations. The system should provide documentation of standard processes, tracking and recording operations and results, batch traceability, and cradle to grave tracking of items, providing confidence in your ability to perform effective recall procedures. Focus on systems that provide visibility and cost control. The new system should provide real-time inventory tracking so that you can adjust forecasts and inventory to help ensure demand is met. Ensure that the new system is flexible and scalable to accommodate organic and M & a growth, and provide multi currency and multilingual capabilities so that your company can compete globally.

If you want to start addressing some of these challenges now or in the future, let's help. We are one of the largest distributors of Microsoft dynamic ax ERP, which is one of the fastest growing ERP solutions provided by the world's leading software companies. Dynamics AX is sold only by partners and can now be used in the cloud or internally. We have more than 20 years of experience in helping specialty chemicals manufacturers address industry-specific challenges, including meeting regulatory compliance requirements and providing real-time product cost insight. With ax, we can help you:

Manage product compliance, including material safety data sheets

Provide real-time insight into cost trends

Using data analysis to make forward-looking decisions

Provides complete batch property tracking