How does it differ from other types of net marketplaces like ChemConnect? This would remove the obstacle of multiple connections. Elemica integrates information flow among global trading partners using a cloudbased business process network BPN.
Why is Elemica described as an example of an industry consortia net marketplace? Trade associations are one example of an industrial community. Dow and DuPont also reviewed the concept with the relevant regulatory agencies and received up-front approval. Elemica enables one-stop shopping through a single platform so companies can buy and sell chemicals to one another through their own ERP systems, or using a Web alternative.
Elemica offers four modules: However, there were compelling opportunities that were impossible to dismiss, including lowering costs, creating closer connections with customers and suppliers, and differentiating companies on something other than price.
Once companies witnessed that more orders were being delivered and received on time, and that their bills were going out faster and being paid faster, the up-front on-boarding and training became easier.
Ultimately, 22 global chemical companies were involved in the launch of Elemica. How does Elemica achieve community among a diverse, global collection of firms where firms are often both customers and vendors to one another?
Truck drivers would arrive at delivery sites and wait up to two hours while paperwork was filled out. If you were the owner of a small chemical company, what concerns would you have about joining Elemica? It also to one another through their own ERP systems, or using a Web alternative.
More than 7, Member companies in multiple industries around the world can use All participants shared the common goal of creating a neutral platform to facilitate inter-company transactions and enhance business processes, and all were provided ownership in the new company.
Today, paperwork is processed 24 hours a day, and truck waiting time has been cut from an average of two hours to an average of 15 minutes.
And a neutral community was the best approach.
One of the largest investments for a company is its ERP system. Elemica provides a holistic approach to order management, allowing suppliers to automate the process with both strategic and core customers, without asking their customers to change their processes. Yet these firms also compete with one another when they sell chemicals to end-user firms in the automobile, airline, and manufacturing industries.
Once a company connects to Elemica, it can have access to thousands of other customers. When Dow began looking at start-ups that were using e-commerce and talking to their customers, they found that customers were concerned about making an investment to establish online connections with multiple firms.
With Elemica modules and technology, companies benefit from improved operational efficiency, reduced costs due to elimination of redundant systems and excess inventory, and a much higher percentage of safe and reliable deliveries.
Given this success, Shell continues to expand its relationship with Elemica. This "super platform" permits the companies to communicate with one another electronically, and to conduct transactions, handle logistics, and keep the books. The question was how to best use these advances to benefit their businesses, and how to establish industry standards for electronic transactions to make it approachable and attainable for all.
Leaders from companies like Dow Chemical and DuPont began discussing this subject and determined that a cooperative alliance would be the most efficient way to move forward.Case Study Read the Case Study at the end of Chapter 12, Elemica: Cooperation, Collaboration, and Community, and answer the following questions in detail (t Brand: Goodlabs.
View case 12 from FIN at Pace University. Danfeng Yu Case12 Elemica: Cooperation, Collaboration, and Community 1. If you were a small chemical company, what concerns would you have about joining89%(9).
( CASE STUDY Elemica: Cooperation, Collaboration, and Community, () pg 1) *Elemica provides a system of efficient communication between vendors and. Case Study. Read the Case Study at the end of Chapter 12, Elemica: Cooperation, Collaboration, and Community, and answer the following questions in.
Case Study Chapter 12 Elemica Cooperation Collaboration And Community Case Analysis: Chapter 12 – Does CompStat Reduce Crime Table of Contents Introduction Analysis What management, organization, and technology factors make CompStat effective?
6 Can police departments effectively combat crime without the CompStat system?. 7 Is community policing incompatible with. Chapter 12 Elemica Case mint-body.com Read the Case Study at the end of Chapter 12, Elemica: Cooperation, Collaboration, and Community, and answer the following questions in detail (the paper should be no less than one page): Case Study QuestionsWhy is Elemica described as an example of an industry consortia net marketplace?
How does it differ from other types of net marketplaces like .Download