NLMK Group streamlines procurement through robotic process automation
NLMK Group, a global steel company, has automated its standard tender procedure process for the procurement of required equipment, spare parts, tools and other categories of goods. A digital assistant will automatically carry out up to 4,000 tender procedures a year, saving up to 3,000 hours per year that the procurement team will be able to redirect towards priority tasks and projects.
The digital service gathers the Company’s various procurement needs in a single system, creates tenders in SAP SRM, distributes all the necessary information to tender and other bidding procedure participants, runs the calculations and requests discounts.
Procurement process automation is essential for maintaining the Company’s competitive edge. NLMK Group is one of the first in Russia to implement SAP Ariba Sourcing to manage equipment procurement, and its procurement digitalization continues. The next step is to introduce a system enabling coordination and data exchange with the vendors.
About NLMK Group
NLMK Group is the largest steelmaker in Russia and one of the most efficient in the world.
NLMK Group’s steel products are used in various industries, from construction and machine building to the manufacturing of power-generation equipment and offshore wind turbines.
NLMK operates production facilities in Russia, Europe and the United States. The Company’s steel production capacity exceeds 18 million tonnes per year.
NLMK has a highly competitive cash cost among global manufacturers and one of the highest profitability levels in the industry. The Company has investment grade credit ratings from S&P, Moody’s, Fitch, and Expert RA.
NLMK’s ordinary shares with a 20.7% free-float are traded on the Moscow Stock Exchange (ticker "NLMK") and its global depositary shares are traded on the London Stock Exchange (ticker "NLMK:LI"). The share capital of the Company is divided into 5,993,227,240 shares with a par value of RUB1. For more details on NLMK shareholder capital, please follow the link.
For more details on NLMK Group, please visit our website.
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