SOURCE: Elemica

Elemica

February 29, 2016 11:21 ET

BASF and Elemica Present at Strategic Sourcing Summit

11th Annual Strategic Sourcing Summit Offers Presentations From Senior Experts in the Chemical/Petrochemical Industry

WAYNE, PA and FRANKFURT, GERMANY--(Marketwired - Feb 29, 2016) -  Elemica, the leading Supply Chain Operating Network for the process industries, announces the company and client BASF will give a joint presentation at the 11th Annual Chemical/Petrochemical Strategic Sourcing Summit in Amsterdam on March 3, 2016 at 12:00PM. The summit is a gathering of leaders networking and discussing challenging issues in procurement. Industry experts will explore topics such as how procurement can create value for the business, help meet financial goals faster, and better collaborate with suppliers to drive growth.

As a silver sponsor for the event, Elemica will present together with BASF, "BASF's Strategic Path with Global Supplier Business Process Automation: The Implementation of the Vendor Interaction Portal (VIP)." Mr. Juergen Eberz, BASF Global Head of Processes and Systems, and Mr. Sergio Juarez, Senior VP, Europe & Latin America, Elemica, will discuss the VIP vision, strategy, execution and benefits realized. Elemica's Supplier Management solution suite is the backbone for VIP, automating purchase orders, changes and cancellations, as well as receiving order acknowledgements, and shipping notices with suppliers worldwide. Electronic invoicing and archiving are additional features of the project.

"Procurement organizations need insight and visibility into their processes to transform and further develop their procurement operations," said Mr. Eberz. "Supplier collaboration programs leverage technology and relationships to drive the ideal balance of inventory, working capital and service levels. We look forward to sharing the success of the BASF Vendor Interaction Portal at the Summit in Amsterdam." 

The 11th Annual Chemical/Petrochemical Strategic Sourcing Summit takes place March 1 - 3, 2016 in Amsterdam at the HOTEL NH Amsterdam Centre, Stadhouderskade, 7, 1054ES Amsterdam -- The Netherlands. Attendees include C-level executives, senior VPs and other executives from the chemical and petrochemical industries.

About BASF
At BASF, we create chemistry -- and have been doing so for 150 years. Our portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas. As the world's leading chemical company, we combine economic success with environmental protection and social responsibility. Through science and innovation, we enable our customers in nearly every industry to meet the current and future needs of society. Our products and solutions contribute to conserving resources, ensuring nutrition and improving quality of life. We have summed up this contribution in our corporate purpose: We create chemistry for a sustainable future. BASF had sales of about EUR 74 billion in 2014 and about 113,000 employees as of the end of the year. For more information, visit www.basf.com

About Elemica
Elemica is the leading Supply Chain Operating Network for the process industries. Elemica transforms supply chains by replacing manual and complex approaches with efficient and reliable ones. Launched in 2000, customers like BASF, BP, Continental, The Dow Chemical Company, DuPont, The Goodyear Tire & Rubber Company, LANXESS, Michelin, Shell, Solvay, Sumitomo Chemical, Wacker and more process nearly $400B in commerce value annually on the network. Elemica drives bottom line results by promoting reduced cost of operations, faster process execution, automation of key business processes, removal of transactional barriers, and seamless information flow between trading partners. For more information, visit www.elemica.com

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