Richman Chemical Inc. (RCI) is a chemical sourcing company founded in 1988 by Ed Richman Ph.D., located in
Lower Gwynedd, Pennsylvania.
Richman Chemical Inc. provides project management, custom/contract manufacturing and sourcing services to
life science
Life is a quality that distinguishes matter that has biological processes, such as signaling and self-sustaining processes, from that which does not, and is defined by the capacity for growth, reaction to stimuli, metabolism, energy t ...
and
chemical industry
The chemical industry comprises the companies that produce industrial chemicals. Central to the modern world economy, it converts raw materials (oil, natural gas, air, water, metals, and minerals) into more than 70,000 different products. The ...
clients. Richman Chemical Inc. represents a wide range network of manufacturers on a project-by-project or client-by-client basis.
The origin of the business model dates back to Dr. Richman’s tenure as a director of non-core business units for several
Fortune 100
The ''Fortune'' 500 is an annual list compiled and published by ''Fortune'' magazine that ranks 500 of the largest United States corporations by total revenue for their respective fiscal years. The list includes publicly held companies, along w ...
chemical companies.
He observed first-hand the intricacies of outsourcing within the chemical industry and parlayed that experience into the establishment of Richman Chemical, helping clients use resources more efficiently and spend less time outsourcing and more time in their area of expertise.
Dr. Richman began taking his business model “on the road” to, among others, emerging technology audiences. His recent presentation on ''Effective Outsourcing for Start Up Companies'' at BioStrategy Partners highlighted the pros and cons of outsourcing and how early-stage companies can outsource effectively.
He also participated in a webcam interview with Andrew Warner, the founder of Mixergy, to share his story of an entrepreneur who started his chemical business in his late 40s after years in the corporate world.
References
External links
* {{Official website, http://www.richmanchemical.com/
Chemical companies of the United States