This industry encompasses the production of a wide range of chemical products used across various sectors, including industrial, agricultural, and consumer markets. It involves the transformation of raw materials through chemical processes to create essential products that support modern living and industrial activities. Whether it's the creation of everyday household items or specialized materials for manufacturing and agriculture, this industry plays a crucial role in enhancing quality of life and economic development.
Multiple end items may require that the cost of the entire process to be split based upon a percentage split of cost. The production of all items - intermediates, semi finished goods, finished goods etc is taken up batch wise for which costing needs to be detailed, which remains a challenge.
The finished materials are packed in a different variety of packing materials and in dispatched in different packaging combinations. The ease of using different packaging combinations is still a complex process to implement in the ERP.
Quality defect in Raw materials characteristics often impacts the quality of the Final product. AI based quality defects systems are the need of the hour to analyse such defect at the initial level and proactively integrate with ERP with on time notifications
Around 50% of manufacturing overheads cost comprises of utilities such as Energy, Fuel, Water supply. If left unmonitored may lead to huge costs and losses.
The reprocessing of non-conforming products, damaged products, damaged packing etc is an important activity in the Paint Industry. The management of packing materials damaged in transit etc directly adds to costs of distribution which often remains unmonitored
It is possible that the finished material is produced according to the different rations of raw materials or some different raw materials are used in the process. The formulation definition has to be flexible to accommodate multiple versions.
Yield optimization calculations in the chemical industry often face challenges such as accurately determining the actual yield versus the theoretical yield, accounting for side reactions, and managing inefficiencies in reaction conditions. These calculations require precise data on reactant quantities, product output, and reaction conditions like temperature, pressure, and catalysts.
Traceability in the chemical industry is a complex challenge due to the need for precise tracking of raw materials, intermediates, and finished products across the supply chain. This involves managing vast amounts of data, ensuring compliance with stringent regulations, and addressing risks like contamination or mis-labelling.
The chemical industry faces significant challenges with varying sales schemes due to the complexity of its products, diverse customer needs, and fluctuating market conditions. These challenges include managing dynamic pricing models, offering tailored discounts or incentives, and addressing regional regulatory differences.