Albemarle Growth and Economic Outlook
Our Operating Model: How We
Execute & Accelerate Our Strategy
Drive Greater Stakeholder Value
ainable Approach
Raise the Bar on Excellence
Culture
High-Performance (
The
Albemarle
Way of
Excellence
Competitive
rational Discipline
Capabilities
Deliver Outstanding Customer Experience
Operational Discipline
☐
Embrace LEAN principles and continuous improvement
Drive manufacturing, business and capital execution
excellence
On track to exceed $170M in productivity
benefits in 2023:
Manufacturing - target of $70M in 2023, via:
Increased utilization, OEE¹ improvements
Project Al, leveraging machine learning on our
manufacturing operations globally
Procurement - target of $100M for 2023, via:
Strategic sourcing to capture deflation in raw
materials and ocean freight
Targeted logistics supplier/supply
management efficiency enhancements
Optimizing corporate services, e.g., pooling
spends
Targeting additional productivity benefits in
2024 across manufacturing, procurement,
and back-office
Albemarle
R
1 Overall Equipment Effectiveness
Albemarle
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