Chemicals

How do you keep feedstock bets from becoming trapped working capital?

Buying cheap feedstock protects margin until it freezes cash. The lever is where each grade switches from make-to-stock to make-to-order.

June 20264 min read

Why volatility freezes cash

Commodity grades are made to stock, specialties to order. Buying ahead to hedge feedstock cost can swell inventory that never converts, so the same price swing that protects margin can trap the cash that funds it.

Size the buffer per grade

The cash conversion cycle, days inventory plus days sales minus days payables, shows the trap forming as inventory days climb. Inventory turns per grade tell you where buffers are too fat. Limits under ECHA REACH also gate which grades can be made and stored.

Where the ERP closes the loop

On Hudace, inventory, demand, and procurement share one platform, so the make-to-stock and make-to-order line is set per grade on real variability rather than a uniform buffer. Xenon AI runs demand sensing and stress tests, a feedstock shock, an energy spike, and recommends reorder points.

Planners approve the plan and procurement places the buys. AI advises; people commit the capital.

The numbers to watch

Watch cash and service together; one should not buy the other.

Cash conversion cycle

Days inventory + days sales - days payables. Rising is the trap forming.

Inventory turns by grade

COGS / average inventory, per grade. Shows where buffers are oversized.

Days inventory outstanding

How long stock sits before sale. The early warning during a buying spree.

Service level

Orders met from stock on make-to-stock grades. The level the buffer protects.

See working-capital control on Hudace

Talk to our team about sizing buffers per grade on real demand.

Request a demo