ERP Functionality Requirements for the Chemical Industry
The operations and processes managed in the chemical industry are very different than a standard manufacturing company. Therefore, they have specific functionality requirements to reduce complexities and increase productivity and ROI. The solution needs are any of the following:
1. Regulatory Compliance
Often, chemical and other process manufacturing companies are heavily regulated. Thus, they need a system with the necessary tools for better compliance throughout reporting and audit management.
For national and international regulatory requirements, you need a process manufacturing system to automate routine tasks and data accumulation to remain in compliance, be it labelling of chemicals or other company-specific needs.
2. Supply Chain Management
Accuracy and on-time availability of materials are important in the chemical industry. With a comprehensive view of the supply chain, you will be able to make better-informed decisions.
3. Consistency
Maintaining consistency in batches, formulas, and properties is imperative to deliver appropriate products. The accuracy in production with a system that efficiently automates the internal operations also results in reduced errors in processing, less wastage, and downgrading of products.