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OAO Mechel Announces the Launch of the B2B Electronic Trading System 2012-07-20 Class:Russian News The system’s launch is part of a joint project between Mechel OAO and e-commerce operator B2B-Center to automate the process of competitive purchases of products, works and services by Mechel’s subsidiaries. The B2B-Mechel portal was created especially for this purpose on the basis of the B2B-Center. The system is aimed at cutting costs, optimizing financial expenditure and raising the efficiency of Mechel’s procurement processes. The B2B-Mechel system enables its client to make all forms of purchases from request for proposal to auctions and multistage tenders. Use of e-commerce mechanisms will allow Mechel to significantly increase the transparency of these processes. “B2B-Mechel’s capabilities will enable Mechel to go to a new level of managing its trading and procurement activity. It is an efficient instrument for constructive work both with suppliers of material resources and our customers,” noted Mechel OAO’s Vice-President for Commercial Activities Mikhail Urvantsev.
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