Abstract:
Urea Formaldehyde is one of the main raw material used in Haidery Boards. Every product firm manufactures, urea formaldehyde is used in its manufacturing. The current method of sourcing urea formaldehyde from multiple suppliers has been instrumental in sustaining our particle board manufacturing operations. However, in order to enhance operational efficiency and cost-effectiveness, a comprehensive analysis of the existing system was conducted. This report presents a detailed overview of the current supply chain, an analysis of its strengths and weaknesses, and a compelling recommendation to consider establishing an in-house urea formaldehyde plant. Different marketing, competitive, financial perspectives have been covered. Further literature review is conducted to get a better understanding of the manufacturing process of urea formaldehyde. In financial analysis, all possible costs are considered so that a safe side return on investment time period can be calculated.
