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management program within the first few months of its procurement transformation , Schnitzer Steel has also harnessed the capabilities of strategic suppliers to drive the consolidation of its supply base , reducing the number of suppliers by about half .
“ We segmented our supply base and those suppliers that we could develop by applying specific evaluation criteria . We also identified the suppliers that we could target
Schnitzer Steel has placed significant emphasis on three main areas : its tools , its people and its processes for consolidation . Through a rigorous process , we determined what our current supply base in each of our core areas of spend would be ,” explains Folino .
“ We learned more about our suppliers , enhanced communication , and then managed their ability to execute ,” he continues .
“ This whole process has been invaluable . Once we established the basic mechanics , we continued to integrate key internal stakeholders to help guide the direction of the
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