Preliminary communication

Model of efficiency improvement in purchasing strategic raw material in a metallurgical company

A. Csikosova ; Fakulty of Mining, Ecology, Process Control and Geotechnology, Technical University of Košice, Slovakia
M. Antošova ; Fakulty of Mining, Ecology, Process Control and Geotechnology, Technical University of Košice, Slovakia
R. Weiss ; Fakulty of Mining, Ecology, Process Control and Geotechnology, Technical University of Košice, Slovakia

Abstract

The present paper focuses on the efficiency improvement of the strategic raw material (iron ore) purchase process in a metallurgical company and its management with the aim to minimize costs. The authors have come up with the proposals for an efficiency improvement and cost reduction model on the basis of the identification of significant dependencies between individual purchase functions while considering media contained in the technological process.

Keywords

raw material; iron ore; purchase; stock level

Hrčak ID:

110280

URI

https://hrcak.srce.hr/110280

Publication date:

1.4.2014.

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