Best Collaborative Teamwork Project
Ferro Alloy Project
Emirates Steel (ES) purchases almost 40,000 Tons per year of Ferro Alloys to ensure that our steel grades meet with the specifications required by our customers. As part of the ES Transformation Project a team lead by Procurement, including Technical Services, SAP, Subject Matter Expert (SME), key strategic suppliers and Operations launched multiple initiatives to achieve the optimization of our Ferro Alloy sourcing.
This was a historically problematic commodity, hence the Transformation Project initiative was launched to optimise cost, analyse alloy components, and drive improvement, to create value, improve plant efficiency and implement a reduction in lead time.
Very good submission- Emirates still has covered the topic for the collaboration, has revealed the constrains and detailed the approach. It is good to see all the stakeholders were collaborating to achieve the common goal despite some hesitations in the proposed change, considering the current volatile commodities market situation realizing the fixed price and delivering the savings is a great result.