How chemicals are bought
Staff -- Purchasing, 4/4/2002 7:00:00 AM
Change is the watchword in chemicals buying. A new exclusive research study by PURCHASING Magazine finds chemicals-consuming 
companies—
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Aggregating their demand and using fewer suppliers,
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Centralizing their buying organizations to exploit corporate purchasing leverage,
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Using more instruments, such as futures contracts, to manage price and supply risks for chemicals, chemical raw materials, and energy,
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Buying more chemical products directly from producers and placing fewer orders with distributors (a consequence, perhaps, of more center-led strategic buying), and
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Making fewer spot buys in favor of more long-term contracts with suppliers.
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