Optimizing the "Resource-To-Market" Supply Chain by Embracing Variability

- Organization:
- Society for Mining, Metallurgy & Exploration
- Pages:
- 3
- File Size:
- 212 KB
- Publication Date:
- Feb 23, 2014
Abstract
Mining companies often have many disparate systems and repositories of data in their organization for planning and scheduling outbound mining supply chains. To optimize ore quality, throughput, transport logistics scheduling and delivery to contract, planning teams need to model and manage the value chain accurately and achieve a consolidated, enterprise view of operational performance. Planning teams coordinate a complex series of activities to ensure production forecast accuracy. They also negotiate and execute complex contracts often with disconnected and limited visibility of production forecasts, quality, and variability with little ability to accurately market potential product specifications over longer time horizons. This market is becoming increasingly dynamic, with increasing variability and the time for planning teams to react is decreasing. This is driving the need towards using science to generate the necessary scenarios required to support the decisions made by planners on a frequent basis. Resource-to-Market is a highly flexible, user-configurable supply chain management system for the mining and metal processing industries. This provides an integrated view of the supply chain that supports the dynamic nature of planning in a mining company, embraces variability of elements across the supply chain with the ability to optimize across all the functional areas of the operation to enable optimal decision making for often competing objectives such as throughput, quality, cost, revenue and profit.
Citation
APA:
(2014) Optimizing the "Resource-To-Market" Supply Chain by Embracing VariabilityMLA: Optimizing the "Resource-To-Market" Supply Chain by Embracing Variability. Society for Mining, Metallurgy & Exploration, 2014.