The Chemical Strategies Partnership benchmarked companies in the Aerospace and Defence sector, in order to determine the value of hidden and indirect costs around chemicals.
Their conclusion was that on average for every £1 spend on product there was a further £1 – £3 spent of management, scrap, compliance and disposal.
The most difficult part of this to comprehend is that this is hidden costs, so a project quoted at £500k is more likely to land at between £1m and £1.5m, and it is assumed that it’s the responsibility of the customer to pay for this.
The Spring Supply Chain Solution completely solves these problems. It is designed around overcoming each of these challenges individually and will completely revolutionise the way you receive and use these products.