Showing posts with label Chemical Management Services (CMS) Market Supplier Intelligence. Show all posts
Showing posts with label Chemical Management Services (CMS) Market Supplier Intelligence. Show all posts

Monday, January 31, 2022

Chemical Management Services (CMS) Market Procurement Intelligence, Drivers, Restraints and Challenges Analysis Report till 2025

Chemical management services (CMS) is a business model where a customer purchases chemical services instead of chemicals. In this model, the supplier is compensated based on the quality and quantity of services provided. It helps to reduce chemical lifecycle costs, risks, and environmental impacts. Both supplier and customer achieve benefits through reduced chemical use, cost, and waste. CMS is extensively used across automotive, aerospace, and microelectronics sectors where environmental benefits observed include reduced chemical use, reduced emissions, and reduced waste generation, as well as substantial cost savings. Following are the key services of CMS:

  • Procurement: Best price purchasing, tier 2 supplier management, research on substitutes

  • Inspection: Quality assurance and quality checking

  • Inventory management: Container management, minimalize on-site storage, reduce waste

  • Delivery: Implementing JIT and point-of-use delivery systems

  • Use: Monitoring, controlling, use reduction initiatives, substitution/elimination of chemicals

  • Collection/disposal: Waste collection, transportation and disposal management, recycling

Read report summary or request a free sample copy of the report “Chemical Management Services (CMS) Market Procurement Intelligence, Supplier Intelligence, Supplier Ranking, Pricing & Cost Structure Intelligence, Best Practices, Engagement Model, Low & Best Cost Country, Day One Analysis Report, 2020 – 2025

Demand Outlook

The global chemical management services market is valued at USD 3.8 billion in 2020 and it is expected to grow at a CAGR of 7.5% from 2020 to 2025 due to the increasing adoption of CMS across multiple industries as it helps to reduce cost along with emissions, waste, the number of accidents on-site, and liability for the customers. APAC is leading the global chemical management services market with more than 40% market share followed by North America and Europe. In terms of application, the food and pharmaceutical sectors are the largest customers of the chemical management services market.

Cost Drivers

Chemical management services cost can be categorized into two parts, chemical purchase cost, and chemical management cost. Chemical management costs hold more than 70% of the overall cost of CMS. The major cost drivers in chemical management costs are inventory management, transportation, and EHS data management.

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Key Players:

  • Haas TCM
  • Chemcept
  • PPG Industries
  • Henkel
  • ChemicoMays
  • KMG Chemicals
  • Intertek
  • Quaker Chemical
  • CiDRA
  • SECOA BV
  • Aviall
  • Houghton

Check out the featured Add-on Services offered with Chemical Management Services (CMS) Market Procurement Intelligence Report:

About us:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of the supply chain which helps in efficient procurement decisions.
 
Our services include (not limited to):
 
Market Intelligence involving - market size and forecast, growth factors, and driving trends
Price and Cost Intelligence - pricing models adopted for the category, the total cost of ownership
Supplier Intelligence - rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
Sourcing / Procurement Intelligence - best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best-suited countries for sourcing to minimize supply chain disruption
 
Our market/procurement Intelligence reports include in-depth and actionable insights that help clients in understanding the different aspects of the supply chain and take more effective decisions.
Contact Information:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
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