UK foundry saves 10% in cost and ensures audit-proof processes

Prior to adopting Metalshub, MAT Foundry Group struggled with challenges related to data transparency and procurement efficiency. The fragmented approach to managing supplier information and procurement data impeded their ability to operate strategically on a global scale. Ensuring compliance with industry standards, particularly the IATF Standard for the automotive industry, was increasingly difficult due to the disjointed nature of their supplier management and documentation processes.

To achieve its targets, MAT Foundry Group implemented Metalshub’s Procurement Solution. The software’s supplier management system introduced product-specific supplier lists and optimised the process for inviting enquiries. Metalshub’s software centralised access to all relevant certificates and procurement data, ensuring up-to-date information and compliance with industry standards. The solution addressed the procurement of raw materials, such as scrap, pig iron, and ferroalloys, at a group-wide level, enhancing visibility and control over the purchasing process.

The implementation of Metalshub’s system led to a significant improvement in MAT Foundry Group’s procurement operations including a reduction of the annual procurement cost by 10%. Additionally, the new system saved an average of one hour per procurement process, greatly enhancing operational efficiency. The number of suppliers for scrap and alloy materials increased substantially, contributing to a more competitive tendering process and bolstering supply chain resilience. Overall, the integration of Metalshub Procurement Solution improved data transparency and compliance, making audit processes smoother and more efficient. The success of this implementation underscored MAT Foundry Group’s commitment to continuous improvement and excellence in supply chain management.