EXTON, PA--(Marketwire - August 24, 2010) - Elemica, the industry-leading, B2B supply chain network, celebrates 10 years of business success, along with the one-year anniversary of its merger with RubberNetwork. Founded by 22 top chemical companies in 2000 as an ecommerce hub linking buyers and sellers, Elemica has grown into a global company offering supply chain solutions for customer management, supplier management, logistics management and sourcing management. These award-winning services and solutions drive bottom line results through improved operational efficiency between trading partners with reduced costs and enhanced supply chain reliability. Today, Elemica's client base represents greater than $480 billion in chemical and tire & rubber industry revenue.
"Elemica is one of a few companies born in the dot com era to survive and prosper," says Mike McGuigan, CEO of Elemica. "With our focus on helping companies streamline everyday business operations to build optimal supply chains, together with an exceptional talent pool of supply chain professionals, and our extensive integrated portfolio of products and services, we continue to strengthen our leadership position in the industry."
Elemica has become an award-winning sourcing and supply chain integration leader, due in part to its early adoption of Software-as-a-Service, constant adaptation to market changes, and focus on customer needs and satisfaction. "During the depressed economic environment of late 2008 and 2009 we helped clients achieve cost reductions," said Mike McGuigan. "Today we are enabling clients to accelerate their rebound as the economy strengthens whilst preserving these cost reductions. Elemica can impact both growth and costs -- and more."
Says Dave Anderson, managing director of Supply Chain Ventures, in a recent blog post, "Elemica is the model for supply chain innovation in other industries. It is too bad that the idea is taking so long to be accepted. Substantial cost savings have been achieved by doing collaborative development and management -- savings shared by all partners. Perhaps others can now build off the model and create other exchanges." Anderson attributes Elemica's success to industry commitment, early adoption of cloud computing, and satisfied customers, adding, "This has enabled them to stay ahead of emerging customer needs by monitoring best practices across all their supply chain partners, seeing where innovations by one company could be shared across the network."
Elemica's supply chain network is based on a cloud computing platform of integrated solutions for the management of suppliers, customers, logistics, and sourcing. It's far more than just connecting; it's about aligning, enhancing collaboration and business integration, and improving relationships with trading partners. Clients gain a greater competitive advantage while reducing manual processes and increasing operational efficiencies. With the addition of the technology, talent and expertise following the merger with RubberNetwork, Elemica now provides its clients with services to lower expenses for purchased goods through strategic sourcing of materials and services, as well as transportation bid optimization.
About Elemica
Elemica delivers state-of-the-art services in the areas of customer, supplier, sourcing and logistics management. Elemica's Connect - Transact - Optimize model drives bottom line business results by promoting reduced cost of operations, faster process execution, automation of key business processes, removal of transactional barriers, and seamless information flow between business partners. Elemica was founded in 2000 and today connects more than 2500 companies across multiple industries, processing over $60 billion in annual transactions. Clients include BASF, Continental, Dow, DuPont, Goodyear, LANXESS, Rhodia and Shell. http://www.elemica.com.
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