As chemical industries have expanded from a predominantly localized business to a global enterprise, they must align their strategic objectives to the growing demands of today's competition. The success of these objectives are heavily influenced by a strong IT system framework. The chemicals industry faces uncertainty from various fronts – cheaper alternatives cause changes in the dynamics of the global supply chain and traditional feedstock; shifting focus on new products, markets and regions in order to drive growth; revitalized vertical and inorganic expansion strategies. This industry is sensitive to undercurrents in the global macro economy, besides government & regulatory pressures. Major chemical makers are increasingly focusing on businesses that cater to agriculture and nutrition markets in an effort to cut their exposure on other businesses that are grappling with weak demand and input costs pressure. Several businesses are pursuing M&A strategies to beat the challenging economic scenario.
The chemicals industry is poised for growth in an environment of uncertainty and change. Industry leaders are looking for agility to support the organizational initiatives. This requires accurate cross-functional information instantly for quick and critical decision making. This required information spans business systems, operational plant-floor technologies, spatial & engineering areas. There is an acute need for comprehensive analytics across Supply Chain, Sales & Marketing, Finance, HR, Operations, Reliability & Maintenance and HSE functions.
With PrimeNumerics, you have the widest possible footprint for management visibility — across your entire enterprise. Performance can be optimized across all aspects of your extended value chain, including people, materials, processes and machines, as well as those of your suppliers. By transferring real-time data, signals, alerts, KPIs and operational intelligence to and from any network location around the world, PrimeNumerics empowers manufacturers to respond faster to strategy shifts, changing market conditions and unexpected events.