ACHIEVE SUSTAINABLE MANAGEMENT OF RESEARCH CHEMICALS A GUIDE TO CRITICAL CAPABILITIES

April 27, 2018

Most research labs find themselves in the business of acquiring and managing research chemicals. It’s not their mission, and it’s not generally considered a value-add. No research lab ever made a major discovery solely by acquiring and managing chemicals well, and no research enterprise has ever leveraged a unique approach to chemical acquisition and management for a distinctive competitive advantage. It’s just the cost of doing business. Does that mean all research chemical management is equal, or that chemical acquisition and management can’t add value for research organizations? Definitely not. Labs managing chemicals poorly expose their organizations to higher acquisition, carrying, and disposal costs; regulatory and safety risks; lost productivity; and unwanted environmental and societal impacts. On the other hand, organizations doing right apply more of their operating budget directly to research, reduce overhead and lost time for researchers, and earn a reputation as good stewards of the environment and their communities.

Spotlight

Vitol Group

Vitol is an energy and commodities company; its primary business is the trading and distribution of energy products globally – it trades over seven million barrels per day of crude oil and products and, at any time, has 250 ships transporting its cargoes.

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