Chemical procurement is the process of acquiring items and/or ingredients for business purposes. Chemical procurement has to be done with keen eyes and wise knowledge about chemicals. Procurement of chemicals is all about obtaining the raw materials / chemicals at the right price and specification without compromising on quality and quantity.
Best Chemical Procurement Practices
- Maintaining proper data about feedstock of chemicals through software / datasheet
- Get COA / MSDS before placing the order
- Following CAS number is to rule out confusion in identifying compounds and serves as a common link between various nomenclature terms that describe substances.
- Establishing proper chemical purchase list with CAS number and reviewing it from time to time
- Maintaining data about the quantity and specifications of the chemicals purchased
- Ignore traders & procure directly from manufacturer / supplier with assured high-quality
- Digitalizing the procurement process through an e-commerce platform
- Transparent communication with suppliers and build supply chain
- Following proper safety standards while delivering chemicals and make sure labels are intact and information printed are legible at all times
- Storage of chemicals – The right storage method begins with gaining knowledge on the properties of chemicals, their compatibility & incompatibility with other chemicals, right handling techniques, etc.
There are several best practices followed when it comes to the procurement process. Other industries follow practices like
- Open Tendering
- Restricted Tendering
- Request for Proposals (RFP)
- Two-Stage Tendering
- Request for Quotations
- Single-Source
Challenges faced by Companies in the Procurement Process:
Companies face a handful of challenges like increasing regulations, quality, sustainability, changing demand-supply situations, and more.
- Increasing Traders
- Budget goes off-limits
- Supply Chain Instability
- Logistics Issue
- Damaged Goods
Ways to Overcome Procurement Challenges
In the traditional way of sourcing chemicals, there are a lot of hurdles for companies and adapting to digitalization will reduce the issues to a certain extent.
These Hurdles can be skipped through an e-commerce marketplace platform like Ibuychemikals.com, where you can source chemicals directly from the manufacturers, hassle-free with the following advantages:
- 10K+ Chemicals & More Products
- Multiple Choice of Sellers / Brands
- Uncompromised Quality & Competitive Pricing
- Choice of chemical grades (LR, AR, HPLC & Industrial Grade) & pack size
- Chat with product expert easily
- Delivery anywhere in India
- Secure payment using EMI (Credit Card / Cardless), Credit/Debit Cards, BHIM UPI, Wallets & Net Banking
- Track the shipment online
Purchase 1mg to 1 ton from a largest selection of Lab / Research Chemicals, Specialty Chemicals, Industrial Grade Chemicals, Lab Glasswares, equipment and more.