Hyundai Steel is planning to give prizes to excellent suppliers of steel scrap. As a part of its program to foster good suppliers of steel scrap, the company has set a policy to introduce a system to award prizes to steel scrap suppliers, aiming at encouraging them and upgrading its competitiveness through the maintenance of a certain volume of good-quality steel scrap inventories. As standard for evaluation on the suppliers of steel scrap, Hyundai Steel will take into consideration the average supply record and fluctuation rates of supply of each supplier over the past three months. Thus, the company will check the delivery data of each steel scrap supplier from June through August for its first award of the prizes. In order to receive good marks, the suppliers of steel scrap are required to attain their monthly supply targets and exceed a certain level in their daily supply.
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