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Mining Supply Chain Management (SCM)

One of the challenges the mining industry is faced with today is optimising production to meet rising demand timely and efficiently. A solution to this is supply chain optimisation, which can be done by integrating advanced technology and process solutions.

Supply Chain Management (SCM) in the mining industry involves planning, implementing, and monitoring every stage of mining operations in order to increase visibility, ensure product quality, and improve time management. The mining supply chain must also be agile enough to respond to demand fluctuations efficiently.

SCM solutions bolstered by artificial intelligence (AI) and machine learning (ML) technology are improving the resilience of supply chains. These provide an integrated mine-to-port approach, monitoring everything from exploration activities to inventory management to transport and delivery.

The main benefit of this integrated approach is the ability to visualise the entire supply chain and standardise processes across it. Using AI and ML capabilities, these SCM solutions can also automate, validate, and analyse data capture, supporting better decision making and improving data quality.

Key fact: AI-enabled supply-chain management has enabled early adopters to improve logistics costs by 15%, inventory levels by 35%, and service levels by 65%

Benefits

  • Improves reporting and visibility

  • Enables better planning

  • Improves data quality


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