How Steel Exchange Reduced Raw Material Procurement Cost with Bizongo
Steel Exchange India Ltd., a 24 years-old leading manufacturer of TMT rebars faced the challenges of procuring steel raw materials like bundled scrap, super heavy scrap, and panther shots as they are subject to daily price change.
They found the answer in Bizongo's platform.
Watch the video to know how Bizongo’s unified platform helped them purchase the raw materials at the best price which reduced their procurement spend. This resulted in an increase in their monthly revenues from ₹1 Cr to ₹9 Cr in just 8 months.
Here’s a quote from the Managing Director of Steel Exchange:
“Through a single dashboard on the Bizongo Platform, we are now able to check dynamic prices against each raw material, which makes it extremely easy for us to seize the best price. Our vendors are benefitting a lot from the embedded financing feature as funds are released to them by Bizongo's financial institutions' network speedily. From seamless cyclical transactions of raw material purchase to a more profitable business - Bizongo has covered it all.”
Why wait to procure raw materials at a lower cost? Start here