Around two-thirds of supply chain professionals in the chemicals industry say their companies have no formal processes for identifying and sharing supply chain best practices, according to a study released recently by Accenture.

The 2007 Global Chemical Industry Supply Chain Best Practices Study is based on a survey of 400 supply chain professionals in Europe, North America, south america, the Middle-east and Asia. The study is the second in a series focusing on the increasing importance of the supply chain in the chemicals industry; the first study was released in 2005.




While only 37 percent of survey respondents in this year's survey said their companies have formal processes for sharing best practices, even fewer - 11 percent - said that best practices are documented, translated into standard operating procedures and measured at their company. Even worse, only 4 percent said their companies have captured best practices in one place and made them available to all supply chain professionals within their organization.

Other areas examined in the 2007 study include hiring, procurement, commercial and supply chain interaction, demand planning and supply chain resilience. Additional details on the results are available at www.scmstudies.com.