The digital transformation of chemical manufacturing industry has come. New advances in digitization, cloud computing, and compliance management using enterprise resource planning (ERP) solutions are driving these advances.
For companies that want to take advantage of the latest technological innovations, there is an opportunity to identify new business models and improve business processes. Here are five ways of digital transformation in today’s chemical industry.
1. Cloud computing is used more and more
Cloud computing framework allows chemical suppliers to provide more real-time data for their employees and supply chain partners, thus promoting more accurate and timely decision-making. They also allow companies to move their ERP solutions to the cloud or hybrid space, allowing more interaction and collaboration.
These efficiencies provide chemical suppliers with more daily operation control, reduce costs and improve flexibility. As companies grow, having a software as a service (SaaS) ERP platform means fast scalability, allowing companies to respond more quickly to opportunities.
2. Changing expectations of customer engagement
Today’s customers expect different relationships with manufacturers. Today’s customers want to participate in the entire procurement and manufacturing process. This means that manufacturers need tools to provide information and insights to customers more frequently. With cloud based ERP solutions, your company can provide more comprehensive customer service from point of sale to order delivery.
With mobile ERP solutions, sales people can confirm production availability, acquire materials and estimate delivery time. Accounts receivable and customer service personnel can answer questions with real-time information and shareable updates. Questions about delivery and use can answer questions about schedules, batches and quality very accurately.
In addition, with the emergence of industrial Internet of things, enterprises have more opportunities to use data and information to provide new services and products for customers and end users.
3. Improve production efficiency
Chemical suppliers are facing increasing pressure to maximize profits and reduce operational inefficiency. Through the powerful ERP solution and the collection of digital technology, enterprises can optimize production and supply management, create more efficient workflow, identify the required maintenance and repair, track quality control, and use real-time business intelligence tools and data report analysis to make better decisions.
4. Maximize operational efficiency
The profits of the chemical industry are notoriously meager. As the price of some materials fluctuates sharply, it is more necessary to ensure that the cost is controlled in the procurement and use of materials. ERP solutions in cloud computing allow enterprises to improve resource utilization, identify real-time price opportunities, and maximize ROI.
5. Maintain compliance
Worldwide, chemical suppliers are facing increasing regulatory pressure. Your ERP solution provides companies with monitoring, documentation and reporting on hazardous material handling and disposal, safety and security. With the emergence of the globally unified system (GHS) standardization of chemical safety guidelines and definitions, you need an ERP to collect and report the necessary information to address audit issues and maintain safety standards in line with industry best practices.
