As part of its long-term growth strategy, Klöckner & Co aims to digitalize its entire supply chain. Klöckner has gained commitment from Europeâs second largest steel producer, Tata Steel, for a comprehensive EDI connection.
In the future, both companies will be enabled to exchange all standardised business data like orders, bills and shipping notifications electronically. Switching to this digital process is expected to reduce the chance of errors and increase the processing speed and efficiency considerably. Gisbert Rühl, CEO of the Klöckner & Co SE: “We are delighted that we are now, after the successful implementation of several mid-size partners, tackling the first EDI connection with a well-known international producer such as Tata Steel.â?
Dr Henrik Adam, CCO of Tata Steelâs European operations, adds: “Right from the start, we have followed Klöckner & Coâs digitalization initiative with great interest. The target to digitalize the entire supply chain is consistent with our notion that a connected and automated collaboration within order handling strengthens the competitiveness of all market participants significantly. Therefore, we decided to enter into a digital cooperation with Klöckner & Co.”
Both companies agreed to commence the EDI implementation in the UK. Thereafter, the project would be extended to further European countries as well as to the United States.