To operate efficiently, effectively and responsibly, ArcelorMittal relies on many other companies throughout the supply chain. Our success is directly linked to our suppliers' ability to provide the goods and services we need to run our mills and produce a quality product for our customers.
Promoting diversity in our base of suppliers not only generates economic opportunities in the communities where we operate, but it also creates real value for our business.
Women-owned enterprise Bulk Equipment Corp. is one example of how diverse supplier partnerships are helping ArcelorMittal be more sustainable. The company manages a large fleet of heavy industrial equipment – everything from the wheel loaders and haul trucks that transport raw materials to our furnaces to the magnetic stackers that safely move slabs and coils of steel.
Half a century ago, Bulk Equipment Corp. had a part in building northwest Indiana's steel industry, doing much of the "dirt work" to establish what is today our Burns Harbor facility.
Led by four female owners since 1994, the Indiana-based and nationally certified women-owned-enterprise has successfully adapted to a changing local steel industry and steadily grown its partnership with ArcelorMittal over the past several years. In 2015, Bulk Equipment Corp. did over $20 million in business with ArcelorMittal, managing more than 400 pieces of equipment working at any time in five of our facilities throughout the U.S.
The equipment we rent from Bulk Equipment Corp. is critical to our mining and steelmaking operations. But the new and innovative business solutions the company has brought to ArcelorMittal are equally important.
For example, in our industry, idling equipment costs money and negatively impacts productivity. Working in partnership with ArcelorMittal and other suppliers, Bulk Equipment Corp. has been a leader in introducing cost-saving tools such as GPS tracking, anti-idling systems and real-time productivity monitoring for all its vehicles.
Specifically, they developed a system to identify when equipment is running but not being productive, and they installed automatic shut-down technology on every vehicle in the fleet. At any moment, ArcelorMittal personnel can access real-time reporting to see a rental’s location and its utilization. With this data at our fingertips, we are optimizing our fleet of rentals, saving money and reducing overall vehicle emissions.
“We grew up in the steel industry, and we are proud to play an important role in ArcelorMittal’s business today,” said Valerie Blumenfeld, president of Bulk Equipment Corp. “We view ourselves as more of a partner than a simple supplier. This approach, combined with being increasingly data-driven and transparent, has allowed us to collaborate with our customers in new ways to meet their goals while strengthening our business.”