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| James Balzary, Director of Natural Resources, SolveIT Software, a solution provider at the marcus evans Global Mining Summit 2012, on gaining the information that is required to make mining operation decisions. |
NEW YORK, N.Y., Nov 1, 2012 - (ACN Newswire) - Mining executives need to optimize their operations with a strong understanding of market dynamics in order to be more proactive and take advantage of rapid shifts in internal and external events that are occurring on a daily basis, noted James Balzary, Director of Natural Resources, SolveIT Software. This requires them to have one version of the truth visibility for decisions they are about to make, so that they do not second guess an execution strategy, he added.
As a solution provider at the upcoming marcus evans Global Mining Summit 2012, in Las Vegas, Nevada, December 6-7, and a masterclass presenter, Balzary talks about some current challenges in the industry and outlines initiatives that can help lead to optimal mining performance.
- What difficulties are mining companies experiencing today?
Difficulties right now include fluctuations in market dynamics, pending decisions about capital expansion or acquisition, increasing cost pressure and sovereign risk. These can be addressed through the application of an integrated decision support and optimization capability across the enterprise that allows a range of what-if scenarios to be analyzed.
- What information do they need to make decisions?
Our planning, scheduling, simulation and optimisation systems give executives a complete view of their business, and work towards unified KPIs in their organization. Two years ago, that was likely to be maximizing throughput as market prices were high for most commodities. Now minimizing cost in an optimal way is the primary focus for nearly all companies. Management need to be able to produce detailed supply and demand chain plans that work towards an optimal cost reduction outcome, while still maintaining operational performance at an appropriate level to achieve plan and budget compliance.
- What are the uncertainties in the mining supply chain that this software can help with?
It can identify production bottlenecks, and optimize around them to improve performance. Provide confidence you are producing the right quantity of material at the right quality to meet contractual commitments. Are the maintenance and shutdown activities being done at the right time for minimal impact on production and revenue? Do they have the right number of people on site with the right competencies for these activities?
- How can mining companies ensure the long-term viability of their business?
Consolidation in the industry, rapidly increasing cost pressures and shrinking margins mean that it is important to look at the business from a global perspective, to find opportunities for value maximization.
To be more competitive, they need to be more flexible and adaptive in terms of product specification and price, taking advantage of upturns in the market. By squeezing existing assets untapped capacity can be extracted through integrated decision support processes.
- Any final words of advice?
Consider your business, no matter how complex, as a series of components that represent a traditional supply chain and work towards unifying these. Break down functional and departmental silos, such that every stakeholder is working towards a unified set of corporate KPIs and objectives. Implement business processes that support this and technology that enables the process to occur more efficiently than it can in fragmented applications.
About the Global Mining Summit 2012
This unique forum will take place at the Red Rock Casino, Resort & Spa, Las Vegas, Nevada, December 6-7, 2012. Offering much more than any conference, exhibition or trade show, this exclusive meeting will bring together esteemed industry thought leaders and solution providers to a highly focused and interactive networking event. For more information please send an email to info@marcusevanscy.com or visit the event website at www.miningsummitna.com/JamesBalzaryInterview.
marcus evans group - mining sector portal - http://tiny.cc/j361aw
The Mining Network - marcus evans Summits group delivers peer-to-peer information on strategic matters, professional trends and breakthrough innovations.
- LinkedIn: www.linkedin.com/groups?trk=anet_ug_hm&gid=4301765
- YouTube: www.youtube.com/meSummitsGlobal
- Twitter: www.twitter.com/meSummitsMining
- SlideShare: www.slideshare.net/MarcusEvansMining
Please note that the Summit is a closed business event and the number of participants strictly limited.
About SolveIT Software
SolveIT Software Pty Ltd is an Australian company specialising in supply & demand optimisation. Acquired by Schneider Electric in August 2012, the company offers enterprise solutions for:
- Advanced planning & scheduling
- Supply chain network optimisation
- Demand planning & forecasting
- Predictive modelling
Customers include world leading vertically integrated organisations including Rio Tinto, BHP Billiton, Xstrata, BMA Coal, and Fortescue Metals Group. These organisations use our technology and capability to optimise production activities on both a local (mine/plant) and global (network) level with intuitive and powerful advanced planning, prediction, simulation and scenario modelling with what-if analysis capabilities. www.solveitsoftware.com.
Contact:
Sarin Kouyoumdjian-Gurunlian
Press Manager, marcus evans, Summits Division
Tel: + 357 22 849 313
Email: press@marcusevanscy.com
Topic: Research / Industry Report
Source: marcus evans Summits
Sectors: Daily Finance, Daily News
https://www.acnnewswire.com
From the Asia Corporate News Network
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