ERP at Chemical Industry India

ERP at Paper Manufacturing Industries
November 14, 2022
ERPNext at Yarn Manufacturing & Processing
November 17, 2022

 

The chemical industry of India is a major contributor to the Indian economy, contributing 7% of the country’s Gross Domestic Product (GDP)

The chemical industry is of strategic importance to the sustainable development of national economies.

Chemical manufacture is very important to modern day life. Manufactured chemicals will be present in almost every product that you will use today : from your toothpaste to your nylon jacket, your ballpoint pen to your mobile phone;

Covering more than 80,000 commercial products, India’s chemical industry is extremely diversified and can be broadly classified into bulk chemicals, specialty chemicals, agrochemicals, petrochemicals, polymers and fertilisers.

Companies within the Chemical Industry convert raw materials such as oil, metals and minerals into products. Chemicals have been used and processed throughout history but large scale manufacture of chemicals only began in earnest during the industrial revolution. 

The chemical industry is expected to contribute US$ 300 billion to India’s GDP by 2025.

The Indian chemicals industry stood at US$ 178 billion in 2019 and is expected to reach US$ 304 billion by 2025 registering a CAGR of 9.3%. The demand for chemicals is expected to expand by 9% per annum by 2025.

India is the sixth-largest producer of chemicals in the world and the largest producer of dye.

An investment of Rs. 8 lakh crore (US$ 107.38 billion) is estimated in the Indian chemicals and petrochemicals sector by 2025. The specialty chemicals constitute 22% of the total chemicals and petrochemicals market in India. The demand for specialty chemicals is expected to rise at a 12% CAGR in 2019-22.

 

Challenges that Indian Chemical Industry is facing today :

we will understand how inextricably we are linked with the Indian chemical industry. Whether it is the drugs, cleaning agents, synthetic garments or thermoplastic furniture, everything around us is a direct or indirect product of the chemical industry. This industry produces more than 70,000 commercial chemical products annually, which has helped it gain the sixth spot in the list of largest chemical producers in the world and the 3rd spot in list of Asia. Although there are many opportunities for the chemical industry in India that are helping it to grow and expand internationally, at the same time, there are many challenges in its way that are hindering this growth.

  • Lack of Raw Material
  • Ease in Cheap Import
  • Outlying Location and Inadequate Infrastructural Facilities
  • Complex Regulatory Issues and High Taxes

Why ERP is the Needed for Chemical Industry?

Chemical industry producers face certain challenges such as rigorous government regulations, continual R&D, and safety requirements.

Additionally, the chemical industry sector also faces an uphill battle such as high fuel, growing logistics costs, high operations, high electricity prices, maintenance costs, and more.

The chemical industry’s processes are also complex, involve several workflows and procedures, and depend on a variety of software and databases.

Altogether, the chemical sector faces a variety of difficulties, from processes and operations to governmental requirements without an ERP system. To address these issues, the chemical industry requires an ERP system to synchronize the entire workflow on a unified platform.

ERP for Chemical Industry: Proven Formula for Success and Growth

Chemical industry is a process-centric sector and business operating in this domain need a customized business management solution to streamline diverse processes and operations. The solution ought to provide quick access to critical data in real time across various departments to help them monitor and control various activities/processes to boost efficiency and productivity.

Considering the exploding demands and need for having an automated process management system for chemical industry, Hard’n Soft has designed a perfect ERP solution that suits the specific needs of businesses functioning in this industry.

HNS ERP solutions for chemical industry offers the following benefits :

  • Helps compete in the cutthroat market
  • Helps to offer well-organised and optimum customer service
  • Curbs costs across all operational and production areas
  • Conforms to statutory and regulatory requirements
  • Optimizes production and supply processes
  • Boosts resource utilization
  • Generates smooth workflow
  • Maximizes ROI
  • Proactive management of statutory compliance, risk and safety factors
  • Efficient tracking of quality control processes
  • HR and payroll support
  • Business intelligence and reporting
  • Quick and intuitive finance, tax and payroll reports
  • Surge in operational efficiency
  • 360-degree view of business operations
  • Improved inventory, order, production and shipment tracking
 

Platform Options to base your ERP solution 

World’s Best Open Source ERP

The ERP For Small & Medium Enterprises

Complete Suite for your Business

The Customized ERP

A few of our esteemed clients from the packaging Industry 

Surat

What our clients have to say about us and our services  

 

What Clients have to say about our Founder & CEO Mr Sailesh Khawani

 

 

Our Company Profile with Industries Solutions, Team Profiles & Infra

 

 

What our clients have to say about our company, team,services etc

 

 

Overview of Hard n Soft

Comments are closed.