Integrated Business Planning for Mining & Metals

integrated business planning mine site

The modern mine site is a complex large scale operation reliant on technology, equipment, staff and a multitude of decisions. To maximise profitability, engineers, machine operators and supervisors must drive efficiency throughout the entire process, but often the insights required to do this effectively are hidden in data.

In a previous blog, we outlined the benefits of an integrated business planning system. Read on to find out how this approach, combined with business intelligence, is being used by leading mining organisations to drive digital transformation, better decision-making and greater financial returns.

Integrated Business Planning for Mining Companies

Mining companies are faced with complex production lines requiring precise metrics and speedy execution. Each station, department, and division deals with masses of data and works to tight production schedules. Usually, huge volumes of data are stored in various ERP software, which leads to siloed data and a lack of visibility across the entire organisation.

Understanding the true cost of drilling, transportation, refining and labour at your mine site is vital for ensuring efficiency throughout the process. This is impossible to achieve without a centralised view of accurate data and transparency into the impact operations has on various areas of the business.

Integrated Budgeting and Planning (IBP) solutions overcome these challenges and create numerous benefits for mining companies through:

  • Activities such as quality control and production management can be monitored, cross-examined and planned in accordance with resource availability.
  • A centralised view of what is required to produce the mineral/metal, incorporating planning, machinery, labour and production costs creates transparency and allows for a fast response to any inefficiencies or obstacles that may become apparent.
  • Providing supply and demand forecasts for the product to ensure the most efficient use of resources.

A unified solution for business intelligence and enterprise performance management is achievable by implementing the right software such as; BoardJedox, Acterys & Microsoft Power BI

Maximise Performance & Minimise Cost

IBP simplifies the costing of each production line by pulling together data from multiple sources automatically without the need to rely on spreadsheets from each department. It also enables budgeting to be standardised across each department via workflow processes, creating transparency and control.

Ultimately, it provides clear visibility into variables such as labour and machinery in order to accurately match capacity with resources required for production.

Final Thoughts

Mining has always been a competitive, high-stakes industry. Today, it faces highly volatile markets, increasing financial regulations and growing exposure to high-profile environmental issues. The need for greater visibility and control throughout the entire production process is apparent. No matter which stage you sit in, an integrated business planning solution will give you the transparency you need and help drive digital transformation.


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