Operational Excellence

Chemical companies have relatively sophisticated software and control systems in place, but figuring out how to drive the most value from them to yield year-over-year savings continues to pose a challenge, industry consultants say. Supply chain, manufacturing, and front-office functions are areas in which the chemical industry is striving for operational excellence. “We see a lot of companies that are process-rich but tools-poor, meaning they have an operational excellence initiative in place but they lack the tools necessary to figure out if they’re...

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