Plant Metal Accounting - Enabling 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. Therefore, 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. Employ a solution that delivers: Daily Production Accounting and Month-end reconciled metal balance to validate daily calculated numbers.
Empowering Workforce to see Dashboards and Actual Inventory Balances without delay.
Imagine identifying material balance inconsistencies at your fingertips, enabling you to take actions. Removing delays, based on accurate inventory accounting.
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Enabling Daily Production Accounting
Every day the metallurgist will perform a daily production balance based on the outputs of the previous shifts (typically each day consists of two shifts – night and day) and combine them to produce a daily weighted average result.  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
Used to check the Daily Production Balance for errors that may include biases or to determine streams that either cannot be sampled or measured or the samples or measurements collected were contaminated and faulty. 
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Built in Validation, and Accounting Process Adherence
  • Built in recommended Process of Account process
  • With clear accountability and step procedures
  • Configerable workflow engine for extensions for your company
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Month End Metal Balance and Reconciliation
  • A complete stock take of inventory, along with delivery receipts of 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. 
  • Now take out the hours or collecting and reconciling the data, let the system do it daily.
  • Enables constant reviews and early awareness of major deviations
 
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Professional Services for Value Realisation
Augment your internal project capability with proven subject matter experts and engineers who can help you unlock the value within your business and maximise your returns. Aveva’s team of experts and our highly qualified partners globally can deliver insights into untapped improvement potential and then apply proven and sustainable technology solutions to these problems where the highest returns can be realised by the business in the shortest time possible.
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Specifications
Type
Scenario
Optimised Scenario
Enabling a functionally scalable solution for metal accounting with procedures, fo those companies using Excel, and people pull the monthly data on Inventory together.l
Available on
PC
Industries
Mining
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