Mergers and acquisitions as well as divestitures are still a prevalent means for chemical companies to restructure their portfolio and pave the ground for sustainable growth and profitability of their business. Particularly when companies are divested, they can experience a bit of a shock as they learn to cope with the loss of centralized business functions that they have taken for granted. In order to move ahead, these companies need to rapidly get processes in place, typically in 6-7 month, to manage basic corporate functions such as purchasing, logistics, customer relationship management and corresponding IT support.
Here is a report from ARC which shows how companies successfully managed this challenge and implemented a new IT infrastructure from scratch while minimizing the risk and achieving a sustainable reduction of TCO.
