Strategies for Success and the Evolved Model of eProcurement in a Volatile Market is Focus

Exton, PA - September 1, 2009 - Elemica, the industry-leading B2B supply chain execution network, announces that Elemica VP Rick Bushnell will be speaking at the ICIS 2nd Annual Chemical Purchasing Summit in Boston on September 17, 2009. The presentation, entitled, “Buying Strategies: The Rosetta Stone for Buyers & Sellers of Chemicals,” will deliver cost reduction strategies to help companies prepare for the economic upturn.

“With raw material and supply prices fluctuating, causing reduced margins and cutbacks due to the slowed economy, chemical producers are evaluating all options,” said Mike McGuigan, CEO of Elemica. “Top CPO priorities include reducing costs and supplier collaboration, and a strategy that incorporates both. Procurement automation is one of those strategies which drives efficiencies that lower supply chain costs, improves the bottom line, and greatly enhances supplier relationships.” Mr. Bushnell’s presentation will touch on how better integration between suppliers and customers strengthens existing relationships, how greater visibility over the extended supply chain squeezes out costs and improves competitiveness, and how automating the procurement process by using technology, systems and work processes on a global basis enforces consistency and optimizes the supply chain. Obtaining a good balance and blend between process and technology and benefits that are critical to success will be a highlight of the discussion. Mr. Bushnell is scheduled to speak at 8:45 AM on September 17th at the conference. For more information or to register, visit: http://www.icis.com/chemicalpurchasing09.