Aarti Industries and Ivalua: Transforming Specialty Chemical Procurement

Secteur:

Health & Medicine

Siège social:

Mumbai, India

Salariés:

13,300

Site Web:

www.aarti-industries.com

À propos Aarti Industries

Aarti Industries Limited is a leading manufacturer of specialty chemicals based in India. Founded in 1986, the company combines advanced chemical processes with deep engineering expertise to deliver critical materials to customers worldwide. Today, Aarti Industries is a trusted partner to leading global organizations, with a strong focus on quality, safety, sustainability, and operational excellence.

Défis

Manual Off-System Procurement: Most procurement, inventory management, and sourcing activities were handled manually via spreadsheets and off-system workflows, creating operational bottlenecks and restricting end-to-end visibility.
Severe Functional Coverage Gap: Legacy tools and manual processes addressed only 14% of the 564 critical procurement capabilities identified through global best practices and SME benchmarking required for world-class operations.
Volatile Market & Aggressive Project Timelines: Faced with market price volatility and customer demand to accelerate project construction timelines from 3–5 years down to 18–24 months without compromising quality, safety, or sustainability.
Complex Supply Chain & Stakeholder Alignment: Needed a centralized platform to manage complex raw material sourcing, supplier relationships, and internal stakeholder coordination across major capital projects.

Avantages

Expanded Functional Capability Coverage from 14% to 85%: Implemented Ivalua after evaluating top market competitors, selecting it primarily for its superior user experience and ability to meet 85% of their 564 benchmarked capabilities.
40% Reduction in Procurement Resource Requirement: Achieved a 40% reduction in required procurement resources over one year while handling higher transaction volumes; enabled non-disruptive redeployment and repurposing of staff into other value-add roles across the company.
40% Automated Material Sourcing via Min-Max Triggers: Automated the procurement of 40% of operational materials through robust category management, annual rate contracts, and min-max threshold automation, enabling auto-generated PRs and PO releases without manual buyer intervention.
Zero Project Downtime on Fast-Track Execution: Successfully delivered a 12-project cluster without a single day of hold or delay due to material shortages, providing the operational agility needed to execute complex projects in 18–24 months.

Solutions sélectionnées

Risques et performance fournisseurs

Appels d’offres

Gestion des contrats

Cycle de commandes

Intake Management

Gestion de facturation

IVA

Paiements

Analyse des dépenses

Ivalua expanded our coverage from 14% to 85% and won on user experience. With technology support, we can now deliver fast-track projects without compromising on quality, safety, and sustainability.