Degussa-Huls' e-commerce jv aids global procurement revamp
24 March 2000 02:37 [Source: ICIS news]
SINGAPORE (CNI)--Degussa-Huls, the German specialty chemicals company, expects its planned electronic-commerce (e-commerce) joint venture with enterprise resource specialist SAP and other Germany chemical majors to bring about an overhaul of its global procurement.
In a Degussa-Huls release CNI received Friday, board member Peter Purwien said that he sees the e-commerce venture leading "to a complete restructuring of global procurement of our industrial supplies, services and raw materials."
"The lean processes will make our purchasing operations faster and more reliable, and markets will become more transparent," he added.
Chemical companies such as BASF, Henkel and Metallgesellschaft announced Wednesday (22 March) that they will link up with SAP's mySAP.com e-commerce platform to create a Internet-based marketplace for chemicals.
Key functions of the venture, which will encompass logistics, finance, export and import, and product safety, are scheduled to go online in Q2 this year, while the whole marketplace is scheduled to be fully operational by year's end.
By: Stefan Baumgarten
+1 713 525 2653
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
| ICIS news FREE TRIAL |
| Get access to breaking chemical news as it happens. |
| ICIS Global Petrochemical Index (IPEX) |
| ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index |
Related Articles
- 07 Oct 02 11:19 E-commerce
- 08 Nov 99 00:00 SAP Looks to Internet Strategy to Revive Declining Profits
- 29 Aug 01 15:14 DSM begins development of e-business infrastructure
- 09 May 00 09:40 Purchasing drives e-commerce adoption in chemicals industry
- 22 Mar 00 11:44 German chem firms, SAP in chem, pharma e-commerce jv
- 08 Mar 00 14:38 Bayer expands e-commerce links with ChemConnect stake
- 03 Mar 00 15:11 BASF hails internet auction for methanol purchase
- 22 Feb 00 14:07 MG in deal with Deutsche Bank to improve e-chemicals site
- 25 Oct 99 11:56 Germany's MG opens e-commerce chems web site
Latest News
- 19 Jun 13 17:16 LanzaTech, Siemens to convert steel off-gases into bioethanol
- 19 Jun 13 17:13 Germany chems call for ‘open climate debate’ after latest ETS vote
- 19 Jun 13 17:10 EVENING SNAPSHOT Europe Markets Summary
- 19 Jun 13 17:04 US propylene contracts could split for first time since Mar 2011
- 19 Jun 13 17:04 Eastern Africa PE, PP sales down 30-35% from May, says distributor