OREANDA-NEWS. February 25, 2011. In 2010, remarkable achievements were made by Baosteel discipline supervision organizations in strengthening efficiency supervision of key areas, crucial links and managerial execution. Whole year establishment of efficiency supervision projects amounted to 492, which promoted corporate efficacy improvement with substantial economic benefits, reported the press-centre of Baosteel.

The group corporation and all units conducted sustained efficiency supervision centering around "sunshine purchase", engineering construction, environmental operation, cost improvement, asset management to facilitate formal and professional supervision through project-based management.

All discipline supervision departments of Baosteel worked in concerted efforts to carry forward formal and transparent purchase system, electronic purchase and online bidding platform building; establish and optimize "sunshine purchase" mechanism to expand scope of online purchase, sales and bidding. Baosteel affiliated units engaged actively in online "sunshine purchase" and sales in 2010. Purchase units increased from 15 in 2009 to 119, total value reached 17.853 billion yuan. Baosteel also carried out special management for outstanding engineering difficulties, facilitated amendments of 77 rules and regulations, newly formulated 70 engineering management rules and regulations including Fixed Asset Investment Management System.

Active efficiency supervision by discipline supervision organizations in affiliated companies received fine results. Baoshan Iron & Steel Co., Ltd. implemented efficiency supervision of idle and waste assets sunshine disposal, further systematized and optimized disposal principles and processes for idle and waste assets in all manufacturing units, promoted online transaction, realized economic benefits of 20.42 million yuan; Ningbo Steel experimented on implementing improvement of management efficiency supervision in alliance with new conditions of corporate integration and raised five supervision suggestions for liability and responsibility, reducing cases of efficiency erosive irresponsibility; Baosteel Development implemented supervision on 100% "sunshine purchase" and sales with integrated report of 39.08 million in economic benefits; Baosteel Engineering carried out enhancement of supplier chain management efficiency supervision, regulated and optimized supplier chain management; Baosteel Chemical reduced average waste water disposal by 18.08% y-o-y,  total waste of 55% compared to standard value through coking water management supervision. 

To enhance supervision, timely terminate and correct diversion from strict norms and standards, discipline supervision organizations integrated efficiency supervision into corporate manufacture management in 2010 to ensure responsible, efficient and clean managerial execution. 425 reports, 813 suggestions and 197 statements were formulated by all units to promote establishment of 803 rules and regulations.

It was known that discipline supervision and audit departments of Baosteel Group Corporation would further appraise management efficiency supervision projects.