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NLMK La Louvière Introduces Digital Supply Planning

Steel News - Published on Fri, 07 Aug 2020

Image Source: NLMK La Louvière
NLMK La Louvière, an NLMK Group company and one of the leading strip product manufacturers in Belgium, has introduced a digital inventory management solution, which enables the company to minimize warehouse stock levels and ensure uninterrupted order fulfilment. Since the start of system testing in April, stock turnover for the most in-demand feedstock product steel slabs improved by 30%.

NLMK La Louvière manufactures coils from slabs supplied by NLMK Lipetsk. The supply volume is approximately 1.6 million tonnes of slabs per year. Previously, a traditional supply planning model was used: a planner would make projections of demand by evaluating order volumes, stocks in the warehouse, and slab lead times. The new digital solution goes beyond analyzing the supply cycle and changes in stocks, incorporating numerous other factors, such as demand and lead time variability.

The new digital solution is based on the DDMRP model (Demand driven material requirements planning).

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Posted By : Yogender Pancholi on Fri, 07 Aug 2020
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