Inventory Management
Inventory Management
Overview
Set up inventory control methods to hedge against unforeseen supply disruptions
Coordinating the movement of material and equipment across various locations while ensuring timely availability of mine inventory can be a tricky balancing act. This is particularly true in the mining industry where the majority of sites are quite remote. Insufficient inventory can lead to production disruptions and missed opportunities. Meanwhile, excessive stockpiling or stockouts can quickly add to your bottom line with storage fees and fluctuating commodity prices.
Evolving regulatory requirements in inventory management also require companies to be meticulous in documenting and tracking the storage and transport of materials. To navigate complex supply chains with multiple stakeholders including suppliers, transporters and distributors, a streamlined inventory management system is critical.
Key Client Challenges:
How do we maintain healthy inventory levels while engaging multiple suppliers, transporters and distributors?
- How can we optimize our inventory forecasting for accurate projections and planning?
- Are there ways we can avoid excessive stockpiling or stockouts due to extended lead times?
- What inventory control strategies can we implement to minimize costs associated with holding inventory such as storage locations and commodity price fluctuations?
- How do we ensure compliance with regulatory requirements and environmental standards when managing inventory?
Addressing these challenges will require leveraging technology for demand forecasting and tracking, optimizing supply chain processes, establishing effective communication channels with suppliers, and adopting continuous improvement practices that are strengthened through behavioral change.
Lacking data to validate or support key business decisions
Lack of knowledge to define a cohesive business or data strategy
Low speed to market and trouble adapting quickly to customer and market needs
High operational costs due to lengthy data processing times
OTHER SUPPLY CHAIN MANAGEMENT SERVICES
Lead Time Reduction
Procurement
Inventory Management
Sourcing
Logistics & Transportation
WHY UNISON MINING
Experience
Our mining experts have experienced first-hand the day-to-day complexities and issues that arise at the mining face, giving them a higher level of understanding and insight to meet your challenges.
Practical Solutions
By implementing level-appropriate transformation tools, our behavioral and cultural change methodologies, data management, and analytics, our goal is to create a sustainable and positive impact on your mining operations.
Results-driven
We go beyond strategy to offer a direct and measurable approach to success. Our commitment extends to delivering real business outcomes and helping your team sustain those changes for the long haul.
