Plant Metal Accounting with Real-Time Inventory Balancing and Yield Accounting

While refined metals can be quantified accurately, in-process inventory is usually subject to errors due to mass measurements, sampling, and chemical analysis. Reporting on inaccurate and untimely metal inventories, without proper governance, can mislead the board and senior executives when reporting on the financial position of the company. Deliver daily production accounting and month-end reconciled metal balances to validate the daily calculated numbers.

Empower the Workforce to View Dashboards and Actual Inventory Balances

Identify material balance inconsistencies, take actions and remove delays based on accurate inventory accounting.
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Enabling Daily Production Accounting

The metallurgist performs a daily production balance based on the outputs of the previous shifts, with each day typically consisting of two shifts, night and day, and then combines them to produce a daily weighted average.  Typical examples of reported indicators include:
  • Run of Mine (ROM) stocks
  • Feed tons and grade fed to the crusher
  • Weight and grade of finished or semi-finished products produced
  • Recovery or Yield KPI’s
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Mass Balancing, Data Smoothing and Statistical Analysis

This is used to check the daily production balance to identify biases or to determine streams that either cannot be sampled or measured, or if the collected samples or measurements were contaminated and faulty.
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Built in Validation and Accounting Process Adherence

  • Built-in recommended account processes
  • Clear accountability and step procedures
  • Configurable workflow engine
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Month-End Metal Balance and Reconciliation

    • A complete stock take of inventory, along with delivery receipts of a semi-finished or finished product, to work out what the actual production balance was for the month using measured and approved figures to get a final metal balance.
    • A system doing daily calculation removes the hours of collecting and reconciling data
    • Enable constant reviews and early awareness of major deviations
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Professional Services for Value Realization

  • Augment internal project capabilities with proven subject matter experts and engineers who can help unlock the value within a business and maximize returns.
  • Aveva’s team of experts and its global network of highly qualified partners  deliver insights into untapped improvement potential, and then apply proven and sustainable technology solutions to achieve the highest returns in the shortest time possible.
Picture of Plant Metal Accounting with Real-Time Inventory Balancing and Yield Accounting
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