Datamyne Trade Data to Power Chemcost Global Price Discovery Solutions

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Partnership enables price benchmarking across international markets for cost-savings in chemicals, polymers, ingredients and materials procurement.

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The combination of Chemcost’s models and Datamyne’s data yields a solution for tracking and leveraging price fluctuations across markets that’s on a par with the in-house applications of large multinationals.

Datamyne, a leader in international commercial intelligence, will supply the detailed import and export trade data that powers the price-benchmarking and production cost-building economic models of Chemcost Interactive LLC © (CI ©), providers of research and analysis to support cost-efficient supply chain management.    
“We are very pleased to collaborate with Chemcost in delivering innovative solutions to procurement and supply chain managers who want to achieve savings in sourcing chemicals, ingredients and other inputs to production,” says Brendan R. McCahill, CEO of Datamyne.

Remarks Brian J. McCormick, founder and managing director of Chemcost, “Chemicals and other basic commodities are bought and sold in dynamic markets around the world. Datamyne was our top choice for timely global trade data that allows us to capture price movements in multiple markets simultaneously.”

As McCormick describes, Chemcost’s aim is not today’s cheapest price, but the smartest strategy to achieve big savings over the long haul. Chemcost economic analyses factor in transport time and distance, underlying pricing, regulatory and trade policies, among other variables, as well as current price points.

The Chemcost suite of material cost innovation products includes:

  •     Global Chemical Fair Price Benchmarks©, available in e-book or e-bulletin formats, provide current competitive price reviews of critical chemicals, plastics, polymers, minerals, and metals, with new categories being added continuously.
  •     Chemcost Builder© analytic reports incorporate relevant Global Chemical Fair Price Benchmarks with Simple-View Process Transformations© that simplify the communication of complex production processes to identify big opportunities for price reduction and profit enhancement.

Chemcost founder Brian McCormick played a leading role in developing procurement costing and quality assurance for P&G.

Remarks Datamyne CEO McCahill: “The combination of Chemcost’s models and Datamyne’s data yields a solution for tracking and leveraging price fluctuations across markets that’s on a par with the in-house applications of large multinationals.”

Inquiries about Chemcost Interactive products may be directed to Brian J. McCormick, +1 513-519-7585, brian.joseph.mccormick(at)gmail(dot)com, or to Datamyne at +1 305-262-8600.

Global Chemical Fair Price Benchmark© and Chemcost Builder© are the copyrighted property of Chemcost Interactive LLC © All rights reserved.

About Datamyne

Founded in 1992 with the aim of clearly and accurately documenting import-export transactions in the Americas, Datamyne has since claimed a top-ranked position in the highly competitive US market for trade data. Datamyne today offers the best value in business intelligence: easy access, with expert support, at an affordable price, to the world’s largest searchable trade database. Built and maintained by an international team, Datamyne covers the cross-border commerce of some 50 countries on 5 continents.
Learn more at http://www.datamyne.com.

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Lisa Wallerstein
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