Date Added: Dec 2009
The outsourcing of activities in the chemical industry is not new. Third parties have long been contracted to deliver activities such as maintenance, warehousing, distribution and site security in the plant. The industry has a history of working with outside parties to support business processes in and around the supply chain. What is new, Accenture believes, is the industry's increasing uptake of business process outsourcing. Outsourcing is evolving from a pure-cost play into a strategic management tool - sophisticated, well conceived and superbly executed - for optimizing business processes, building global and scalable capabilities, building competitive strength and refocusing on the core business and on customers.