Case Study
Supply Chain Audit & Optimization
18% Reduction in Logistics Costs with Mirakem
Published on October 15, 2023
As a procurement director for a European polymer manufacturer, I faced a complex problem: our monomer supply chain was fragmented, with many intermediaries, leading to hidden costs and significant operational risks.
The Mirakem team initiated a comprehensive audit. They analyzed not only supplier prices but also contractual terms, logistics routes, storage conditions, and force majeure events. Their report highlighted several critical inefficiency points that we had overlooked internally.
The key recommendation was consolidating procurement through two strategic partners they identified, with whom we negotiated long-term contracts. They also implemented a simple real-time stock monitoring system, linked to market price fluctuations.
The result was an 18% reduction in total logistics costs and a decrease in goods waiting time from 28 to 16 days. The risk of production disruption was substantially diminished.
"Mirakem's expertise in supply chain audit transformed a cost-center function into a competitive strategic advantage. Their detailed approach uncovered savings we didn't suspect existed."
Relevant Recommendations
Hedging Strategies
Protect your procurement budget against market volatility with customized financial instruments.
Learn moreMarket Price Analysis
Daily reports and forecasts for the chemical raw materials you need.
View reports