Lower Resin Prices or Firm Waives Fee

Originally Published MPMN March 2005

E-News

Lower Resin Prices or Firm Waives Fee

Analee Zelaya

Resin Technology Inc. (RT; Fort Worth, TX) offers a Web-based service, called RT intelligence, that may help firms to reduce resin costs. Complementing RTi’s consultation service, RTintelligence provides news, data, charts, and trend analysis for the resin industry. However, the company does not make, sell, or broker resin. According to RTi’s president, Garland Strong, this fact gathering and reporting tool ensures that “clients don’t have to wait for a status report. They get it when they want.”

RTintelligence is used to establish specific goals and the direction of a supervised program. Each client receives an RTintelligence section, containing proprietary information in a secure setting, which allows predetermined savings goals to be tracked. A client’s resin purchasing pattern in comparison with the market, supply and demand factors, overall inventory levels, and real-time pricing benchmarks are among other available features. Also, each commodity purchased has a chart showing savings balance and average price. “By setting the goals with a client, we’ve established a benchmark that provides quantification of the customer’s program,” states Strong. “We enable the customer to actually see the progress.”

RTi reviews its site several times daily and does not charge a fee unless its client saves money on resin purchases.

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