Chemical companies trying to achieve long-term sustainable and profitable growth have to focus on critical success factors, including:
Still, reaching a consistent high level of operational performance is difficult due to many factors, such as distributed processes, disparate information from multiple sources, and uncontrolled operational and financial risks, all of which can lead to operational inefficiency and unpredictable costs, order fulfillment failures, and lost opportunities, resulting in missed revenue and market share erosion. In addition, the inability to understand trends, profitability of market segments, customers, and products makes it difficult to implement new strategies.
Decision makers need an easier way to explore insights. SAP’s analytics tools help turn the flood of raw data companies have on hand into real competitive advantages.
Qnovate’s interactive dashboards are based on industry KPI’s (key performance indicators) and offer users personalized, drag-and-drop functionality and interactive gauges, charts, and widgets – for instant access to clear, understandable metrics. The same dashboards can also be used on mobile devices, for insights anywhere, anytime.
The following are some examples of analytics solutions for the Chemical industry across several functional areas:
Executive dashboards – managing risk
Procurement – efficient and secure supply
Manufacturing – reliable and effective operations
Supply Chain Management – efficient and transparent supply chain
Sales and Product Management – meeting and exceeding customer requirements
Sustainability / Compliance – sustainable enterprise