Being in the right location is a key ingredient in a business's success. If a company selects the wrong location, it may have adequate access to customers, workers, transportation, materials, and so on. Consequently, location often plays a significant role in a company's profit and overall success. A location strategy is a plan for obtaining the optimal location for a company by identifying company needs and objectives, and searching for locations with offerings that are compatible with these needs and objectives. Generally, this means the firm will attempt to maximize opportunity while minimizing costs and risks.

A company's location strategy should conform with, and be part of, its overall corporate strategy. Hence, if a company strives to become a global leader in telecommunications equipment, for example, it must consider establishing plants and warehouses in regions that are consistent with its strategy and that are optimally located to serve its global customers. A company's executives and managers often develop location strategies, but they may select consultants (or economic development groups) to undertake the task of developing a location strategy, or at least to assist in the process, especially if they have little experience in selecting locations.

 

Stelco International, incepted in India in 1950, has been rendering the finest quality engineered metal products. For more than 50 years, Stelco International is the leading manufacturer of threaded products and has been meeting & exceeding the expectations of its customers. ISO-9001:2015 and government recognized export house based in Ludhiana (Manchester of India) has more than 1200 satisfied customers pan India and overseas. We are currently exporting to more than 40 countries. Threaded rods, Coil rods, Tie rods, Strut support system, Strut channel, Washers, Channel nuts are few of the items in which Stelco international has earned its name. At Stelco International, Quality and Timely delivery has been the success mantra.

Lorem ipsum dolor sit amet, consectetur adipisicing elit. Optio, neque qui velit. Magni dolorum quidem ipsam eligendi, totam, facilis laudantium cum accusamus ullam voluptatibus commodi numquam, error, est. Ea, consequatur.

The steel industry is continuously looking for new ways to improve resource efficiency and sustainability due to high dependence on resources and increasing demand for more sustainable production. There are general tools and methodologies available and applicable for a wide range of production processes. The general tools and methodologies have similar characteristics as the domain specific tools needed or already utilized in the steel industry. However, there is still clear need for integration, further development, domain specific modelling, utilizing artificial intelligence and machine learning. This paper reviews the current state and recent developments of plant coordination & control, raw materials & energy optimization and quality management in steel industry and discusses the future methods and developments.