MMK wins nationwide Russian Buyers’ Competition
An overview of the results of the annual award was given in Moscow at the end of October. The organizers received 220 applications this year from companies from all over Russia. As a result, the title “leader of competitive procurement” as awarded to 14 companies in various categories.
The topic of the report submitted to the competition by Magnitogorsk Iron and Steel Works was the development of category management in the procurement service in 2019. At the centre of this approach to procurement is the delegation of authority to category managers, such that they can sign agreements and contracts within the framework of issued powers of attorney. The competition’s committee commended the achievements of the MMK procurement service, and the development of the potential of its employees.
The ‘Competitive Procurement Leader’ award is the first professional contest of its kind in the field of trade and procurement. It has been held since 2012 and brings together buyers, representatives of authorities, the media and public organizations. The purpose of the award is to draw attention to the most significant procurement projects that increase companies’ efficiency and make a significant contribution to the development of the entire market.
MMK is a regular participant and winner of the ‘Competitive Procurement Leader’ prize. Among PJSC MMK’s prizes are awards in the categories of “Economic Efficiency of Procurement Operations”, “Development and Optimization of Procurement Activities”, “Leader of Innovation in Trade and Purchasing” and “Economic Efficiency of Procurement Operations”.
MMK is one of the world's largest steel producers and a leading Russian metals company. The company's operations in Russia include a large steel-producing unit encompassing the entire production chain, from the preparation of iron ore to downstream processing of rolled steel. MMK turns out a broad range of steel products with a predominant share of high-value-added products. In 2018, the company produced 12.7 mln tonnes of crude steel and 11.7 mln tonnes of commercial steel products. MMK Group had sales in 2018 of USD 8,214 mln and EBITDA of USD 2,418 mln.