Challenges of the steel industry

Particular challenges:

  • The fluctuation of steel demand in the real estate industry (accounting for 38% of total demand), infrastructure construction, machinery manufacturing, vehicles, and transportation equipment.
  • Reduce carbon/improve energy efficiency.
  • Raw material prices are volatile, pricing policies are flexible and complex, based on configurable product.
  • Improving towards Product-mix coordination: multi-factory, multi-line, multi-location - country.
  • Increase operational efficiency and material management.
  • Process integration between trading companies and manufacturing plants spanning many regions and countries.
  • Lack of effective customer service support.

Common challenges:

  • Unable to address requests that customers tend to demand more and more.
  • Enterprise-wide standardization and seamless integration of core processes.
  • Lack of transparent, real-time data; Limited visibility of inventory and production.
  • Minimize the amount of redundant and "garbage" data.
  • Reduce transaction costs, reduce operating costs and shorten time to market.
  • Improve supply chain and distribution channel management.

Benefits when applying a suite of digital transformation solutions for management and operations for the steel industry:

  • Easily control complex products and individual units of materials according to technical characteristics, processes and quality throughout the entire supply chain.
  • Delivery on time, on demand, and in specification.
  • Control and reduce inventory.
  • Make use of leftovers, scraps,...
  • Monitor product quality and manage quality certification for semi-finished products and finished products at all levels (certification).
  • Optimize resources and efficiency in using input materials.
  • Respond to unplanned situations and incidents.
  • Use production tools effectively.
  • Reduce TCO (Total Cost of Ownership).
  • Manage the steel industry production process from upstream to downstream.

To succeed in overall digital transformation of management, steel industry enterprises need to choose implementation consulting partners with proven successful experience in the industry along with outstanding execution capacity and business consulting. following a methodology and roadmap appropriate to resource characteristics and industry characteristics.

With practical experience successfully implementing ERP projects SAP S/4HANA, SAP Analytics Cloud, BI - Business Inteligence, Data Warehouse, Barcode /QR Code, Machinery and equipment maintenance management,... for leading enterprises in the steel industry in Vietnam: Hoa Phat Dung Quat Steel, VAS Group, Ton Nam Kim, SMC,... Citek will continue to accompany steel industry enterprises to improve management and operation capacity , firmly transforming successfully and moving towards sustainable development.

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We were lucky to choose Citek so we successfully converted the ERP management system. I see in you the dedication and commitment, which is a great encouragement and energizes me, from which I inspire Loc Troi in terms of working attitude, responsibility and working style.

Mr. Huynh Van Thon

Mr. Huynh Van Thon

Chairman of the Board of Directors of Loc Troi Group