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Petrochemical Manufacturing
Here, you'll find links to the information and resources you need to make an informed Petrochemical Manufacturing software selection:
Companies in the petrochemical industry manage the operations and processes that transform crude oil and other raw materials into chemical products. There are two major categories of petrochemical companies:
companies that refine oil and other raw materials and convert them into basic chemicals such as ethylene; and
companies that use these basic chemicals to create materials that can then be used in other industries to produce finished products, such as plastics, detergents, paints, fertilizers, polyester, etc.
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Refining and transforming chemical elements into finished products are both complex processes that involve the following challenges for the petrochemical manufacturing industry:
creating and maintaining formulas and recipes to measure and combine ingredients, and to avoid dangerous chemical reactions;
defining efficient workflows that also take safety regulations into account;
managing fixed assets to track acquisitions, depreciations, and changes in equipment usage, which can be complex due to the sheer quantity of tools needed and the advanced technology required to use them; and
defining and tracking cost management of finished products, particularly since different types of chemical elements are used, in different combinations, with different units of measure.
Petrochemical companies can overcome these challenges with software solutions such as enterprise resource planning (ERP) systems for process or mixed-mode manufacturing, and product life cycle management (PLM) applications.
Don't know where to start?
We can help you identify the right type of software to evaluate.
Process Manufacturing (ERP)
Mixed-Mode Manufacturing (ERP)
Core PLM for Process Industries
Benefits of Using Software Solutions for Petrochemical Manufacturing
A software solution for the petrochemical manufacturing industry will be based on an ERP system with industry-specific functionality, bringing its users the following benefits:
Process manufacturing ERP solutions are designed for companies mixing and separating ingredients to perform chemical reactions. Defining formulas and tracking different types of reactions can only be done efficiently by using a software solution.
Mixed-mode ERP is used when a company needs to switch between discrete and process manufacturing. This will make the same system available for both production modes, meaning that the switch from one production type to another will not require significant transition headaches.
PLM for process industries has enhanced recipe and bill of materials (BOM) management, as well as engineering change management (ECM) and routing, approval, and life cycle processes.
Collaboration is easier to manage with a software solution that allows users to share information and work together on the same project from different physical locations.
Quality management functionality ensures compliance with regulations, at the same time steering clear of incidents that might compromise employee safety.
A strong inventory management tool adapted to the process manufacturing sector will help petrochemical companies track thousands of different components in different states of matter (solid, liquid, gas), with different prices and units of measure.
THE RISKS OF A FLAWED PETROCHEMICAL MANUFACTURING SOFTWARE SELECTION PROCESS
The petrochemical manufacturing industry is not a sector where you can afford to take risks. Indeed, the consequences of failing to eliminate risks can be disastrous. An enterprise software solution for the petrochemical industry helps companies manage the following risks:
Failure to define and implement safety measures will not only affect equipment and personnel, but will also have an impact on people living near the facility or plant. Accidents are not always the result of ignorance or bad intent; they can be caused by complex processes not managed properly.
The result of chemical reactions can vary greatly, depending on the components and their quantities. The failure to use the right proportion of certain ingredients can have a huge detrimental impact on the quality of the finished product, as well as leading to a waste of ingredients and other resources.
Poor collaboration between the design and production teams can lead to delays in the manufacturing process, and to defective products. Both factors lead to decreased sales and profits.
Inadequate inventory and production management can lead to a waste of resources as well as improper use of very expensive equipment, which will require further investments in ingredients and fixed assets.
Why use the Petrochemical Manufacturing Evaluation Center?
Determine which functional aspects of a Petrochemical Manufacturing solution are priorities for your business.
Evaluate and understand the functionality that addresses Petrochemical Manufacturing requirements.
Find the Petrochemical Manufacturing solutions that are most likely to serve your business.
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