Introduction to the chemical industry in India.
Industrial development in India is codependent on the chemical industry of India. Our country’s chemical industry spreads over more than 80,000 chemical products, which are widely used in industries like Paper, Textile, Perfumes, Soap & Detergents, Pharmaceuticals, Plastics Petrochemicals, Dyes, Agrochemicals, Fertilizers, Pesticides, and more. Proudly we can say that India is the 6th largest producer of chemicals in the world. A prediction states that the Indian chemical industry will cross $ 304 billion by 2025.
Reasons you need MindQuad ERP Solutions for Your Chemical Company
The industry focuses on complex challenges such as stringent safety standards, strict government norms, and regulations, continuous Research and Development. Adding together with the expenses of the high costs of power, fuel, high operational costs, and high cost of plant maintenance, increasing logistics costs and so on. Furthermore, processes in the Chemical Industry are complex and involve a lot of workflows and procedures, making use of a variety of applications and databases.
As a result of these chemical industry manufacturing companies face the following challenges:
1. How to control costs?
2. How to ensure operational efficiency & excellence?
3. How to maintain optimum productivity?
4. How to integrate different operations?
5. How to implement business discipline?
MindQuad Solutions holds the reputation of continuously facilitating chemical Manufacturing industries in their necessary business procedures. It simply brings all information and processes involved under one roof thereby, letting the users access the resource irrespective of the fact where it was created.
Chemical Solution Functional Coverage
- Complex & Multi-Level Formula & Recipe Tracking
- Data and Business Intelligence Sharing
- Certificate of Analysis Creation and Reporting Compliance
- Comprehensive Quality Parameters Management
- Inventory Management with Make to Order Stock Scenario
- Yield and Waste Management
- Batch Scheduling and Planning as per Packing Sizes
- Accurate Product Costing
- Financial Management with Costing and Budgeting
Chemical Industry-Specific Reports
- Yield Analysis Report for tracking spillage or losses
- Certificate of Analysis (CoA) Reports
- Product-wise Ageing and Expiry Tracking
- Traceability Reports from RM receipt to Dispatch
- Pre-Process, In-Process, Post Process, and Inventory QC Reports
- Customer and Vendor Ageing Reports
Why ERP for the Chemical Industry?
- Quality Assurance
- Compliance and Regulation
- Safety Management
- Inventory Tracking and Planning
- Accurate Reports
- Finance Management
- Quality Control
- Stock Handling
- Expense Management
- Resources Management
- Production Management
ERP Features for Chemical Industry
- Formula security to support Intellectual Property Rights (IPRs)
- Supports OSHA, EPA, ISO, DOT compliance requirements
- Supports GHS Labelling requirements
- HAZMAT bills of lading, VOC, and SARA reporting
- Bi-directional lot traceability
- Vendor approval and management
- Stability testing
- Non-Conformance and CAPA
- Complete traceability and costing of by and co-products
- Customizable COA (Certificate of Analysis) reports
- Formula design based on physical properties
- Separate costing of formula and packaging materials
- New product development and its costing
- Warehouse management
- Shelf life / Expiration date support
- Supports multiple units of measure
- Containerization
- Make-To-Stock and Make-To-Order Operations
- Material Production Scheduling (MPS)
- Material Requirement Planning (MRP)