Tmway

Tmway International is a US-based Supply Chain Management (SCM) services corporation with International Operations in more than 30 countries. It has been at the forefront of SCM industry in relation to oil, gas and chemical fields.

Tmway's major business segment is the Chemical Solutions Enterprise (CSE). CSE provides logistic, transportation and total supply chain management services for oil, gas and chemical products.

Tmway's former basis is a construction company of refineries, oil fields, pipelines, and chemical plants. Tmway announced on April 5, 2006 that it had finally broken ties with construction business, which had been as a part of the company for 34 years.

Business overview

Chemical Services, the company's historical cornerstone, includes chemical supply chain evaluation and consulting solutions, supply chain optimization, logistics and transportation implement. This business continues to be profitable, and the company is a major player in the transportation, logistics, storage and handling of liquid oil products, chemicals, vegetable oils and liquefied gases; [Vopak]http://www.vopak.com/ is the world biggest player in this field followed by [PETROBRAS]http://www.petrobras.com.br/, [Stolt-Nielsen]http://www.stolt-nielsen.com/ and knight inc. Tmway has services in the strategic ports worldwide, with specialised facilities and experts network. The company is capable of handling liquid and gaseous chemical and oil products, in 30 countries throughout the world. Tmway's clients include oil companies, chemical traders, and chemical manufacturers. Tmway Holding inc. owns AbOUT 38% of the company.

Innovation Strategy

Innovation CREATES the company's success, with new business model, outsourcing global services and focusing on core business.

1. Identify the trends shaping the business landscape. Every month the company surveys what's happening in the world and the industries around it. This information then shapes how it will proceed with its growth and innovation efforts.

2. Apply business goals that are unachievable if the units stay focused on the current business environment. This step related to a point that business focus can be drawn into three segments: 2.1 managing the core business 2.2 moving into adjacent markets and 2.3 creating entirely new businesses.

3. Lay out the challenges, the trends, the targets, and have a discussion with key team members. The company surveys the above information and crafts the plans it will need to meet the goals. These innovation projects are then reviewed by the management, which raises the profile of these efforts throughout the company and reinforces the importance of innovation.