BRADY PROVIDES AN INDUSTRY SPECIFIC RECYCLING SOLUTION TO AUGMENT THE POWER OF A COMPANY’S EXISTING ERP SYSTEM
6th July 2016 London– Brady, a leading global provider of trading, risk management and settlement solutions to the energy, commodities and recycling sectors, announced today 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 is a fully owned subsidiary of EVRAZ (LSE:EVR), the leading global supplier of rails and one of the top steel producers in the world based on crude steel production of 14.3 million tonnes in 2015. Alongside its vertically integrated steel operations, EVRAZ is also active in mining and vanadium businesses with operations in the Russian Federation, Ukraine, USA, Canada, Czech Republic, Italy, Kazakhstan and South Africa, employing approximately 85K employees.
The Brady solution will provide improved visibility into EVRAZ North America’s raw material supply chain and assist in driving melting costs down by identifying opportunities to better manage orders, supplier performance and freight optimisation. Not only will the system provide unparalleled reporting, but it will also empower EVRAZ management with enhanced analytical tools to model “what-if” scenarios and flash reports, in real time.
“Raw materials represent the single largest cost component per tonne of steel produced, and any improved efficiencies in the procurement process can be directly translated into substantial bottom line cost savings,” said 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, optimise 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”.
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Editorial contact for Brady
Editorial contact for EVRAZ North America
Chicago: +1 312 533 3520
Notes to Editors
Brady is the largest European-headquartered provider of trading and risk management software to the global commodity, recycling and energy markets. Brady combines fully integrated and complete solutions supporting the entire commodity trading operation, from capture of financial and physical trading, through risk management, handling of physical operations, back office financials and treasury settlement, for energy, refined and unrefined metals, scrap and secondary metals, soft commodities and agricultural products.
Brady has 30 years’ expertise in the commodity markets with over 400 customers worldwide, who depend on Brady’s software solutions to deliver vital business transactions across their global operations. Brady clients include many of the world’s largest financial institutions, trading companies, miners, refiners, scrap processors, recyclers and producers, tier one banks and a large number of London Metal Exchange (LME) Category 1 and 2 clearing members and many leading European energy generators, traders and consumers.
For further information visit: www.bradytechnologies.com
EVRAZ is a vertically integrated steel, mining and vanadium business with operations in the Russian Federation, Ukraine, USA, Canada, Italy, Kazakhstan and South Africa. EVRAZ is among the top steel producers in the world based on crude steel production of 14.3 million tonnes in 2015. A significant portion of the company’s internal consumption of iron ore and coking coal is covered by its mining operations. The Group is listed on the London Stock Exchange and is a constituent of the FTSE 250. EVRAZ employs approximately 85 000 people. The company’s consolidated revenues for the year ended 31 December 2015 were US$8,767 million, and consolidated EBITDA amounted to US$1,438 million.
For further information visit: www.evraz.com