May 2000
A Report to the UK Steel Association and
the Department of Trade and Industry
Abstract
- The steel industry and its supply chains offer a broad range of opportunities to create value via e-business
- The value-creation opportunities stem principally from the following industry characteristics:
- steel supply chains are often long, complex and fragmented, involving a large number of companies ranging from large steelmakers to relatively small stockists and metal workers
- current supply chains are inefficient, with relatively poor information flows along the chains and large amounts of inventory typically carried at each point (the average inventory to sales ratio for UK steelmakers alone
is 15%-20%)
- steel trade is international, with imports accounting for over 40% of UK finished steel consumption and over 45% of steel produced in the UK being exported
- the steel industry and its customer base is globalising, resulting in increasing needs for co-ordinated information flows and knowledge management across national boundaries
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