Metalloinvest Launches Program to Improve Operational Efficiency
Russian miner & steel maker Metalloinvest has launched an organizational efficiency improvement program aimed at increasing labor productivity.
Russian miner & steel maker Metalloinvest has launched an organizational efficiency improvement program aimed at increasing labor productivity. Improving operational and managerial efficiency is one of the three priorities of Metalloinvest's Strategy for Qualitative Changes, along with sustainable development and increasing sales margins. The program will make an important contribution to the achievement of the high-level goal of reducing the Company's production costs by 10% over 5 years. The implementation of the Program is calculated until 2025 and will take place in stages. This year the project starts at the Mikhailovsky Mining and Processing Plant named after AV Varichev, then at the Lebedinsky mining and processing plant, the Oskol electrometallurgical plant named after VI AA Ugarov, Ural Steel.
At the first stage, opportunities will be identified to eliminate losses in processes and identify areas for improvement, benchmarking will be carried out, goals will be formulated to improve the efficiency of business processes for all structural divisions.
This will be followed by the stage of development and implementation of specific measures, including the introduction of digital technologies, automation of processes, modernization of equipment, elimination of duplication of functions, redistribution and reduction of redundant personnel, development of multifunctionality.
The result will be an increase in the speed of the Company's reaction to new challenges and changes in the market situation, a decrease in the cost of production and, accordingly, an increase in competitiveness, a decrease in environmental impact, an improvement in working conditions and elimination of excessive workload of employees, simplification and optimization of business processes.