RSSDecember 18, 2008, 9:00 AM
Top Chemical Company Selects Elemica's Business Process Network to Automate Global Procurement
EXTON, Pa., Dec. 18 /PRNewswire/ -- Elemica, the industry-leading business process network (BPN) for the external supply chain, announces that The Dow Chemical Company will automate their procurement of maintenance, repair, and operations (MRO) supplies using Elemica's Connected Solution for Procurement. Elemica's 'Connect Once, Connect to All' capabilities will allow Dow to streamline procurement transactions with suppliers around the world more effectively, with significantly improved accuracy, and at a reduced cost.
"Replacing paper-based processes with automated electronic transactions results in dramatic cost reductions and enhanced operational efficiencies in client operations," said Mike McGuigan, CEO and president, Elemica. "This is especially true in the area of MRO procurement."
"During 2007 & 2008, Dow significantly increased the amount of automated transactions through Elemica increasing business process efficiency, improving data quality, and reducing human error," said Mark Farley, Procurement Technology Leader, The Dow Chemical Company. "We are now leveraging the Elemica network to manage both direct and indirect material (i.e. MRO) purchases. The implementation team was very efficient in managing the supplier rollout of the program."
Dow is migrating hundreds of key suppliers to Elemica to centralize and standardize their global purchasing operations. Elemica's Procurement Solution delivers advanced procurement capabilities and utilizes exception- based alerting to identify and eliminate errors while proactively notifying customers regarding exceptions, enabling users to meet customer expectations and increase overall satisfaction. With "touchless" order management delivered by Elemica, Dow is able to gain better control over their procurement process, eliminate transactional barriers, reduce errors, and empower their staff to focus on business issues, rather than order processing and problem-solving.
Elemica's business process network is built on a Service-Oriented Architecture (SOA), which allows Dow to quickly add new trading partners and simplify maintenance by standardizing on a single platform. When companies upgrade their ERP systems, Elemica's single connection to external trade partners eliminates complexity and paves the way to an easy upgrade path. Businesses with complex infrastructure that include multiple connections to numerous partners need to maintain and upgrade all of those connections. However, Elemica provides an option to have one connection to hundreds of suppliers, which greatly reduces the burden and cost of ongoing IT support.
About Elemica
Elemica was founded by 22 leaders of the global chemical industry to deliver best-in-class order management and supply chain applications and services that powerfully impact bottom-line cost savings. With one connection to the Elemica Network, clients drive operational excellence by automating the execution of key trading partner business processes resulting in improved efficiencies, superior service, and greater profitability.
By providing optimal connectivity between all trading partners of the network, Elemica offers the world's leading platform for driving service optimization and excellence throughout the value chain. From order entry to invoice processing for logistics, planning, and purchasing, the Elemica network enables a high degree of automation in real-time data exchange, which improves productivity, decreases errors, and increases the ease of doing business.
Elemica has connected more than 1500 companies across multiple industries and processes over $50B in annual spend. Clients include Dow, BP, Rohm & Haas, Shell Chemicals, BASF, and Lanxess. For more information, visit http://www.elemica.com.