Raw materials management in iron and steelmaking firms

Henrik Florén (), Johan Frishammar (), Anton Löf () and Magnus Ericsson ()
Additional contact information
Henrik Florén: Halmstad University
Johan Frishammar: Entrepreneurship & Innovation, Luleå University of Technology
Anton Löf: RMG Consulting
Magnus Ericsson: Luleå University of Technology

Mineral Economics, 2019, vol. 32, issue 1, No 3, 39-47

Abstract: Abstract This paper adds new knowledge on how raw materials should be managed in iron and steelmaking firms. While previous research has contributed significantly to how firms should deal with functional challenges related to raw materials, the understanding of Raw Materials Management from a holistic perspective is largely lacking, and extant research does not provide qualified advice to firms on this matter. This study provides such knowledge by drawing on insights from Höganäs AB, a world leader in ferrous powder metallurgy, and their efforts to identify key aspects and principles of raw materials management. Our elaboration of a more holistic view on raw materials management builds on two elements. First, we depict five external uncertainties and three internal conditions that impact firm-level raw materials management. Second, we present six critical capabilities that underpin proficient firm-level raw materials management. The paper concludes with a discussion of implications for both firms aiming to increase their raw materials proficiency and to future investigations into this important area.

Keywords: Raw materials management; Resources management; Strategic management; Process industries (search for similar items in EconPapers)
Date: 2019
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DOI: 10.1007/s13563-018-0158-7

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