Metals Procurement Capabilities
Volatility in metals prices can wreck havoc on the cost structure and competitiveness of your finished goods. The upward momentum of energy and raw materials prices plus industry consolidation will create continued challenges for metals buyers. Companies that purchase steel have seen the number of suppliers that compete for their business shrink drastically. Large consumers of energy dependent aluminum seem to be facing a fundamental shift in the geography of their supply base that could affect their ability to compete.
ICG Commerce's metals procurement capabilities will help you negotiate and implement best-in-class agreements with mills, processors, and distributors, while maintaining or improving your service levels. Using our proven strategic sourcing process and deep subject matter expertise, we analyze and attack each cost element throughout the supply chain - metal, processing, transportation, working capital costs, and more - to provide you with lowest total cost of ownership and measurable bottom-line savings. Request more information about
our Metals procurement capabilities...
Deep experience, proven results
Metals solutions from ICG Commerce give you a practical way to bring years of experience and proven capabilities to your team without bringing on more staff.
- Category Experts: Dedicated metals resources with diverse industry experience gained from working for a broad scope of manufacturing organizations sourcing and managing metals categories
- Market Insight and Benchmarks: Knowledge of supplier capabilities – from the mill all the way to the processor and service center and end user – combined with supply and demand trends, category specific data requirements, and hundreds of price and service level benchmarks
- Tools and Technology: Extensive database of metals sourcing history, supplier names and contacts, and category specific cost models to rapidly determine opportunities and optimize agreements
- Best Practices and Metrics: Wide experience base and knowledge of best practice supplier service levels, contract terms, pricing mechanisms such as shrinking lead times for finished coils and alternate sources of blanks for stamping
Over $700MM sourced with average savings ranging from...
- 8 – 16% for Carbon Steel Flat Roll
- 9 – 26% for Carbon Steel Long Products
- 7 – 17% for Aluminum Flat Roll
- 7 – 14% for Alloy Steel
- 8 – 16% for Stainless Steel
- 9 – 18% for miscellaneous metals
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