Metal Networks.AI is pleased to announce it was selected as a finalist in 3 awards categories for the 2021 Fastmarkets Global Steel Excellence Awards by an independent judging panel:
- Best Product Innovation – for its patent-pending JAQI® AI search & matching engine that can process 100+ items in less than 10 seconds compared to traditional product search engine technology (drop-downs & filters). This technology is critical to increasing e-commerce adoption and building faster quotes in ERP systems using plug-in technology.
- Best Process Innovation – for its B2B marketplace platform that significantly streamlines the buying process for OEMs, metal fabricators, and machine shops. Metal buyers no longer have to rely on emails, calls, & spreadsheets to issue RFQ’s, compare quotes, share documents, and coordinate logistics. The Metal Networks.AI cloud-based platform provides the tools and technology to reduce administration by 50-75% so that purchasing teams can focus on more important tasks.
- Technology Provider of the Year – for its AI-enabled technology platform that provides industrial metals Buyers & Suppliers with next generation search, quoting, & e-commerce technology that advances the industry’s Digital Transformation effort (Industrial 4.0). Metal Networks’ user-friendly, cloud-based platform is purpose-built for front-line buyers & suppliers with little/no IT involvement, freeing sales & purchasing departments to make technology decisions that are right for their business.
“We invested the last few years consulting with hundreds of industry participants, gathering feedback and building a technology platform for the next generation of metal buyer & suppliers”, says Abhay Mathur, Chief Product Architect, “we are proud of being named a finalist with our newly released products and it’s a strong testament to the hard work, diligence, and thoughtful collaboration with the industry.”
The award winners will be announced at the 2021 Steel Success Strategies conference in November in Miami – stay tuned! For more information about the awards or the Metal Networks platform, please visit https://metalnetworks.ai/
About Metal Networks.AI:
Metal Networks.AI was established in 2017 with the goal of enabling the metals supply chain with AI, search-driven technology that enables e-commerce & marketplace adoption. The company is intensely focused on creating a faster + connected metals procurement experience. Leveraging its patent-pending JAQI® Search technology, metals supply chains can connect quickly and efficiently through its B2B marketplace and e-commerce plug-in products.
About Fastmarkets AMM:
Fastmarkets has over 130 years of commodity expertise and aims to be the world’s leading and most trusted price reporting and intelligence service. Using transparent and auditable methodologies to report data and insights in a variety of industries, we provide interested parties with a clear picture on the markets and their effects on business and the supply chain.