Procurement of epoxy resins is an appealing category for strategic procurement managers to achieve cost savings and achieve desired long-term goals. Buyers are able to unlock multiple opportunities by the application of actionable, in-depth category visibility including pricing trend, price cutting leverage and negotiation leverage. In addition, providers can uncover a comprehensive analysis of existing inventory sources and new opportunities for purchase by reviewing historical supplier performance data. Additionally, suppliers have access to category-specific pricing information with the development of comprehensive pricing models that provide more accurate pricing assumptions than those found in the traditional costing framework.Get additional information at My first resin ring!
Cost savings and efficiency initiatives are driving the broad range of consumer and provider responses to epoxy resin procurement. Buyers are seeking ways to achieve cost reductions that are economically beneficial and product-specific. The ability to establish a more cost-effective buying plan allows suppliers to offer better pricing and negotiate favorable pricing for category-specific products. With improved purchasing power, suppliers are able to gain market share for category-specific products in key consumer segments. Moreover, it allows suppliers to increase sales volume while maintaining levels of quality and productivity.
With increased buying power, companies can achieve their short and long-term purchasing goals and expand into new markets. More cost-saving, higher return on investment and competitive advantage translate into significant value creation for companies. By using advanced technology and new methods of procurement, companies are able to leverage the strength of global epoxy resin supply networks to obtain cost-saving advantages. Our industry’s premier epoxy resin providers utilize our cutting-edge capabilities and services to help our clients achieve their bottom line goals.