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ResinSmart Launches to Empower Resin Buyers

In a significant development for the plastics sector, today marks the launch of ResinSmart, a market intelligence platform created to assist resin buyers in a challenging purchasing environment. After over two decades of dominating the field with extensive data, resin suppliers will now have to contend with a tool designed to empower buyers, leveling the competitive landscape.

For years, suppliers of plastic resins have had the upper hand, essentially manipulating the market with vast amounts of data while buyers struggled to navigate a system rife with partial information. Recognizing this disparity, ResinSmart combines unbiased pricing benchmarks, predictive market forecasting, real-time insights, and expert negotiation strategies—all grounded in over 25 years of experience and more than 3 billion pounds of resin transactions. It’s a game-changer for buyers who can now access data traditionally reserved for suppliers.

Significant Savings for Buyers

The platform has already proven its value; users report an average savings of 19% in their first year. Collectively, resin buyers utilizing the guidance and analytics provided by ResinSmart have saved over $1 billion. This impressive statistic emphasizes how indispensable the platform can be to negotiations and procurement strategies.

Bob Vargo, CEO of RTi and ResinSmart, commented, "For more than two decades, we've equipped resin buyers with intelligence that suppliers wish they didn't have. ResinSmart takes that same proven market intelligence and places it into a modern analytics platform that is both intuitive and accessible. This reflects a turning point for our industry."

Key Features of ResinSmart

ResinSmart grants its users a range of crucial features that enhance their purchasing power:

• - Forecasting Abilities: Buyers can ascertain the fair market price of resins both currently and into the future, ensuring decisions are data-driven.
• - Benchmark Access: Users can view unbiased benchmarks based on actual transaction data rather than supplier forecasts, allowing for informed purchasing decisions.
• - Timely Market Insights: The platform facilitates quick reactions through weekly updates on market drivers and monthly snapshots that cut through the clutter of information.
• - Expert Guidance: Buyers are supported by proven negotiation methodologies that not only advocate for savings but also prioritize securing supply throughout the purchasing journey.

Michael Workman, Director of Growth at ResinSmart, stated, "We built ResinSmart specifically for one audience—resin buyers. We’re equipping them with tools they previously never had access to. This launch is not just about software; it represents a fundamental change in how buyers can effectively operate in a landscape that has long been against them."

Celebrating the Launch

To commemorate the official rollout, ResinSmart will host a launch celebration at Punch Bowl Social during the upcoming MAPP Benchmarking & Best Practices Conference in Indianapolis. This conference is renowned for gathering the very audience referred to in their mission—plastic processors and resin buyers.

About ResinSmart

ResinSmart is the innovative answer for resin buyers aiming to optimize their purchasing approaches. By offering a combination of forward-looking insights, real-time analysis, and comprehensive negotiation assistance, the platform empowers users to make confident decisions while navigating the complexities of the resin market. Backed by RTi’s extensive experience and a wealth of transaction data, ResinSmart democratizes critical market intelligence, giving buyers a much-needed edge.

For more detailed insights and a demonstration of how ResinSmart can transform your buying strategies, visit www.resinsmart.ai.