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Conclusion and final remarks

  • Thomas Kirschstein
Chapter
Part of the Produktion und Logistik book series (PL)

Abstract

The chemical industry is one of the key industries in developed countries. In chemical industry, the probably most important sub-group is the basic chemical industry. The basic chemical industry produces a wide range of products which are used as raw materials in almost all other industries. The product portfolio encompasses basic plastics (such as PET or PE), rubber, fertilizers, coatings as well as other speciality chemicals. Most of the produced chemicals are commodities, i.e. products with precise chemical and physical specifications which are sold in huge quantities. The production processes in basic chemical industry are organized in complex multi-stage production plants where chemical and physical transformation processes take place. Multiple of these production plants are typically centralized at production sites to exploit economies of scope. These production sites form a network with interdependent product and energy flows. Larger scaled chemical companies run multiple of those integrated production sites which are again interrelated by product flows. Hence, basic chemical companies are faced with a highly competitive market environment and a highly complex production system. Therefore, companies in this industry particularly benefit from an improved management of their integrated, multi-level production networks.

Keywords

Spot Market Safety Stock Competitive Market Environment Chemical Production Process Complex Production System 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Fachmedien Wiesbaden 2015

Authors and Affiliations

  1. 1.Business AdministrationUniversität Halle-WittenbergHalle/SaaleGermany

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