The Chemarc - Rosefield conference on 'Enhancing Profits in the Lube Industry through Efficient Procurement' kicked-off with a keynote address from Vikas Gupta, CEO, Nandan Petrochem.

Vikas emphasised the critical role of efficient procurement strategies in enhancing margins. The audience appreciated his focus on sales and procurement driving profitability in the Lube Industry.

The keynote was followed by a panel discussion moderated by Adnan Ahmad, Former MD, Clariant India where industry experts explored digitalization as a crucial solution for improving profitability. Panelists included: Sandeep Sangwan, MD, Castrol; Sanjeev Kaul, MD, Lubrizol; Shailendra Gokhale, Founder, Rosefield; Mr Raman Ramachandra, Dean - Faculty Management Studies, Somaiya Vidyavihar University; and Punit Krishna, Founder & CEO, Chemarc.

Each panellist brought a wealth of experience and offered actionable strategies to improve profitability through digital tools. They underscored the necessity of aligning digital strategies with business goals to ensure long-term success.

Punit Krishna, Founder & CEO, Chemarc.com shared his journey behind the creation of Chemarc and emphasized that the platform was conceived to transform the traditional ways of doing business in the chemical sector through digital innovation.

Anurag Srivastava, COO, Chemarc.com shared real-life customer experiences illustrating how companies have successfully integrated Chemarc's solutions.

He informed that customer’s feedback has been overwhelmingly positive, with many reporting significant operational efficiencies and better seamless interaction with their vendors. These testimonials resonated strongly with the audience, reinforcing the value Chemarc promises to deliver to the industry through its innovative digital solutions.

The participants were particularly impressed by the platform’s user-friendly interface, speed and the convenience with which a vendor is registered and an RFQ or a RA process is initiated and concluded. The Chemarc.com can be made Go Live in days if not hours without any need of extensive training or IT interfaces. The conference brought together industry leaders to discuss and strategize on key aspects of the lube industry's future and to unlock new profit margins.