Chemical Management Services (CMS) is a business model in which a customer purchases chemical services rather than just chemicals. These services can encompass all aspects of the chemical management lifecycle including: procurement, delivery/distribution, inventory, use (including chemical substitute research), collection, monitoring/reporting, training, treatment, disposal, information technology, and even process efficiency improvements; each of which poses its own costs and risks. Under CMS, the service provider is compensated based on the quality and quantity of services provided that reduce chemical lifecycle costs, risks, and environmental impacts, not on the volume of chemical sold. Therefore the service provider has the same objective as their customer: to reduce chemical use and cost. Both participants achieve bottom line benefits through reduced chemical use, cost, and waste.
Although CMS is currently being considered by large, well-funded institutions, it is highly likely this approach could be applied in smaller colleges and research facilities. The same challenges and drivers for considering CMS apply in the smaller institutions. It is likely the CMS model will need to be adapted for smaller educational institutions to accommodate their lower chemical throughput. However, the needs are essentially the same for large and small educational institutions, so there is an opportunity for economies of scale for CMS providers to serve both. Finally, it will be important to demonstrate success of the CMS model in larger institutions to effectively appeal to smaller educ ...
Table of Contents
2019-2024 Global Chemical Management Services (CMS) Market Report (Status and Outlook)
1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Chemical Management Services (CMS) Market Size 2014-2024
2.1.2 Chemical Management Services (CMS) Market Size CAGR by Region
2.2 Chemical Management Services (CMS) Segment by Type
2.3 Chemical Management Services (CMS) Market Size by Type
2.3.1 Global Chemical Management Services (CMS) Market Size Market Share by Type (2014-2019)
2.3.2 Global Chemical Management Services (CMS) Market Size Growth Rate by Type (2014-2019)
2.4 Chemical Management Services (CMS) Seg ...