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Elemica Offers Chemical Industry e-Business Benchmark Study for Peer-to-Peer Assessments & Competitive Analysis

Posted on: Tuesday, 2 December 2008, 08:00 CST

EXTON, Pa., Dec. 2 /PRNewswire/ -- Elemica, the industry-leading business process network for the external supply chain, announces a new Chemical Industry e-Business Benchmark Study, which provides companies within the chemical industry objective benchmark data relating to their e-business activities and how each participant in the study ranks amongst their peers. Elemica will provide the resources and tools necessary to conduct this analysis.

"We conducted a similar study in 2006 that proved invaluable to the participating companies because it helped set goals for their businesses and provided key insight into industry trends and best practices," said Rick Bushnell, VP of Sales & Marketing at Elemica. "Based on the success of the 2006 study and the feedback received, we plan to expand the participation base in this benchmark study by extending invitation to a wider range of companies."

In January 2009, Elemica will begin collecting quantitative and qualitative data in the areas of sales, procurement, vendor-managed inventory (VMI), logistics, and invoicing, from the participants in the study. The scope of the study includes practices and metrics; global focus with regional analysis (Europe and Africa, Americas, Middle East, and Asia-Pacific, including Japan); and business cases and benefits calculators. A comprehensive analysis report, expected to be available in March 2009, will outline the position of chemical companies relative to the rest of the industry -- covering current e-business results, value delivery and future plans across customer-facing, logistics, invoicing and procurement functions.

"Results from our 2006 Benchmark Study showed that sell-side eBusiness activities increase efficiency and quality, improve relationships with customers, and lowers costs," said Mike McGuigan, CEO and president of Elemica. "Results from the buy-side eBusiness activities demonstrated that decreased error rates and increased delivery times made the most positive impact on the business."

Elemica's Benchmark Study is conducted every 2 years, providing ongoing reference information to support budgeting and strategic planning. Participation is by invitation only and study data is available only to those participating organizations. To participate in the study or for more information, please contact Ashley Capuzzi at: acapuzzi@elemica.com.

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.

SOURCE Elemica

Source: PR Newswire

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