London-based Brady plc, a global provider of trading, risk management and settlement solutions to the energy, commodities and recycling sectors, has announced that EVRAZ North America plc has selected the latest version of Brady’s Raw Material Management System to fully optimize the purchasing process for its steel plant in Pueblo, Colorado.
EVRAZ North America Plc, headquartered in Chicago, is a fully owned subsidiary of London-based EVRAZ, a leading global supplier of rails and one of the top steel producers in the world based on crude steel production of 14.3 million metric tons in 2015. Alongside its vertically integrated steel operations, EVRAZ also is active in mining and vanadium, with operations in the Russian Federation, Ukraine, USA, Canada, Czech Republic, Italy, Kazakhstan and South Africa, employing approximately 85,000 people.
The Brady solution will provide improved visibility into EVRAZ North America’s raw material supply chain and will assist in driving melting costs down by identifying opportunities to better manage orders, supplier performance and freight optimization, according to Brady. The system will provide reporting and give EVRAZ management enhanced analytical tools to model “what-if” scenarios and flash reports in real time.
"Raw materials represent the single largest cost component per [metric ton] of steel produced, and any improved efficiencies in the procurement process can be directly translated into substantial bottom-line cost savings,” says Gavin Lavelle, CEO of Brady. “With operational efficiency and cost savings at the fore for many of our customers, EVRAZ will be able to fully benefit from using the system’s web-based application to manage its suppliers, optimize its raw material purchasing using our dynamic buy plan tools and align its forecasting and scrap planning needs, resulting in the achievement of increases in both efficiency and cost savings.”