NLMK to boost order accuracy using digital production planning
NLMK Group has started commercial operation of a digital solutions package for production planning at its Lipetsk site. It will improve the accuracy of customer order fulfillment, ensure tracking transparency, and increase production productivity.
The all-in-one digital platform integrates order acceptance, setting order fulfillment deadlines, calendar planning and production scheduling. Upon receiving a new order, the system automatically calculates the execution time taking into account capacity utilization and optimal equipment operation schedules, among other factors. The system will be integrated with the NLMK.shop personal account: NLMK customers will be able to track order status and location in real time.
Vyacheslav Vorotnikov, NLMK Lipetsk Managing Director, said: “The new digital platform called for a large-scale transformation of our sales, planning, production, logistics, and R&M business processes. The implemented solutions are based on the best industry practices, including end-to-end order planning with guaranteed delivery dates accurate to a week and daily plan optimization. As a result, we will be able to ensure higher accuracy of deliveries, to boost the competitive advantages of our customers, and to grow production volumes by debottlenecking our process chain.”
Investments in the digital solutions package exceeded RUB 1.2 billion.
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 17 million tonnes per year.
NLMK has a highly competitive competitive cash cost among global manufacturers and one of the highest profitability levels in the industry. In 12M 2019, the Company generated $10.6 bn in revenue and $2.6 bn in EBITDA. Net debt/EBITDA stood at 0.7х. The Company has investment grade credit ratings from S&P, Moody’s, Fitch, and RAEX (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.
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