The chemical industry is one of the most important industries for mankind. It is the foundation of almost all industries like the pharma industry, plastic industry, paint industry, food industry, and the list is endless. Like a perfectly working chemical formula needs all the right elements in the right proportion, even the chemical industry itself needs the right formula for business practices to perform smoothly. In these times of COVID-19, the extensive demand for chemicals from pharma industries has exposed serious vulnerabilities in the business processes of these industries resulting in batch rejections, inefficient supply chains, lost orders, etc.

Like any other industry, the chemical industry needs basic pillars of any ERP software like order management, manufacturing planning, demand forecasting, inventory management, financial management, etc. The said functionalities are offered by any over-the-counter ERP software but what they fail to address is the critical pain points of chemical industries.

SAP Business One ERP for the Chemical Industry deals with innumerable formulations, tests, samples, results, etc which need to be recorded and refined for large-scale productions. The quality of raw materials is of prime importance for desired quality products. Strict government and environmental regulations call for additional compliance in the entire production process.

For an industry as complex as chemical manufacturing, processes need to be extremely organized and precise for faster and desired results. SAP Business One is the best ERP software for almost any industry offering state-of-the-art enterprise automation at an affordable price. Some of the benefits of SAP Business One ERP for Chemical Industry are:

• • Strict compliance with government regulations
  • Batch/lot-wise inventory management
  • Formula management to track quality
  • Stringent QC at various stages of production
  • Accurate cost accounting for products and by-products
  • Shelf-life tracking of raw materials and finished goods
  • Complete visibility of critical business parameters in the form of drill-down dashboards

From the above discussion, we can conclude that SAP B1 and SAP Business ByDesign bring a host of benefits to the chemical industry which otherwise juggles with demand fluctuations, stringent quality parameters, government regulations, etc. Given rising competition, it’s imperative for chemical companies to take a leap with SAP Business One and stay competitive in the ever-changing business landscape.