Archives :: Business & Economics :: Cost Engineering
September 27, 2011
In today’s economy, businesses have become more cash-conscious. The focus on expenses has become increasingly important to the bottom line. Typically, the top three business expenses are wages, raw material costs and taxes. If jobs are cut, or raw material purchases are reduced, margins may be salvaged in the short term, but over a period of time, lack of inventory and production shutdowns can prove...
July 1, 2010
With bio-based chemical production growing, and several newer companies ready to enter commercial production, indications are that biologically derived chemicals will be an increasing force in the petrochemicals market. But bio-based chemical producers must confront the bottom-line requirements of product performance and cost, rather than riding their products’ environmental benefits. Susan Sun...
November 15, 2007
The globalization of the economy is making the world a smaller place and leading businesses — the chemical process industries (CPI) included — to source, produce and sell material in foreign lands. Politics aside, the trend has the potential to wreak havoc on the supply chain, logistics and transportation operations of chemical corporations unless strategies that increase collaboration and...
April 1, 2007
Free trade agreements, global manufacturing standards and the Internet have made it possible for companies to do business in countries they would not have considered 20 years ago. Open is a world of opportunity, but for processors of pharmaceuticals, semiconductors and other materials that must meet high standards of product purity and performance, the competition is stiffer than ever as...
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