Mining

Companies in the mining industry can greatly benefit from an ERP system due to its complex operations and logistical challenges. AugTool streamlines mining processes on one system, enhancing efficiency, improving decision-making with real-time data, ensuring regulatory compliance, and providing agility to adapt to market changes for sustained profitability and competitive edge. Pricing and Price Lists

AugTool offers robust features for managing pricing and price lists in the mining industry.

Centralized price list management, ensures accurate data capture and with multi-currency support and seamless export/import capabilities, AugTool assists you to adapt to market volatility and supports global trade operations.

Real-time price updates and comprehensive price overviews enable strategic decision-making driving profitability and competitiveness.

Budgets

Controlling costs is vital for companies in the mining industry. Augtool streamlines budget creation, management, and reporting across financial accounts and cost centres to manage your expenditure appropriately.

Augtool ensures meticulous spending oversight, supports long-term financial goals, and enhances decision-making with comprehensive reporting features.

Procurement Planning and Sales Forecasting

With procurement planning and sales forecasting in Augtool, companies in the mining industry can run smoothly and facilitate the creation and management of transactions in multiple currencies for global trade.

Utilizing inventory levels, and current open production, purchase and sales order quantities with their relevant lead times, AugTool assists you to purchase the right inventory, at the right time and for the right location.

Vehicle scheduling

AugTool vehicle scheduling assists in communicating with the transport supplier and accepting the appropriate truck/driver/product at the correct time and location.

Using Vehicle Scheduling can assist you to identify open orders that need to be scheduled, plan for those that are and accept the right truck and driver into your premise. This limits surprises and allows you to plan your resources appropriately.

Additionally, it improves data capture accuracy and streamlines the processes of dispatch and receivals.

Thresholds

AugTool aids companies in the mining industry by managing stock thresholds. Managers can setup stock over warning and block thresholds and under tolerances per process within Augtool.

When ordering or sending hundreds of tons of a product why create any administrative tasks for a couple of kilos up or down.

However, a stock clerk better not release an entire truck load of rich processed material to be sent hundreds of kilometres if the sales order clearly states that only a few kilos remain to be sent. Rather stop the truck and contact the customer.

Single and Multi-Stage Manufacturing

Implementing a production system is crucial for meeting competitive lead times, streamlining manufacturing processes for cost efficiency, and ensuring timely raw material availability.

Augtool facilitates make-to-stock, make-to-order, and repetitive manufacturing processes with single to multi stage recipes to efficiently support other business processes and customer demands.

Fixed Assets

Within the mining industry, fixed assets form the backbone of operations, encompassing critical machinery, equipment, and infrastructure vital for success. The strategic management of fixed assets is imperative in optimizing mining processes, ensuring operational reliability, and adhering to stringent regulatory requirements.

AugTool emerges as a valuable partner for the mining sector, delivering a robust solution tailored to navigate the unique challenges of fixed asset management specific to mining operations. Through AugTool's dynamic insights, mining companies can proactively enhance asset utilization, track depreciation effectively, and monitor overall asset performance in real-time

Forex Invoicing and FEC Contracts

Easily invoice in any currency and use Augtool's daily spot rates or custom rates. Allocate payments and receipts in multiple currencies effortlessly and allow Augtool to handle forex gains and losses automatically.

Utilize Forex Re-Evaluation to maintain up-to-date balances for a better view of your current financial status enabling better cash flow management and planning.

To bolster financial stability, use Forward Exchange Contracts within Augtool to record and report on your current cover and outstanding cover effectively.

By integrating these tools into your currency management strategy, you can track and manage your cover while letting Augtool automate the rest.

Leveraging IoT and API Integration

The Industrial Commodities Industry is becoming more and more mechanised and automated. Augtool supports this innovation through its IOT platform and its API integration layer.

Connect your production machines, your weighbridge indicators, your security gates and CCTV cameras for example to Augtool. Any device that measures, tracks or displays information could be integrated into any relevant process to enable your workforce to be more productive and accurate.

Real-Time Reporting

Discover the power of real-time reporting with Augtool and explore how you can gain access to all the data directly within Excel

By connecting Excel to live ERP data, you unlock unparalleled operational efficiency and decision-making accuracy, while providing managers with current and consistent data for informed decision-making.

Conclusion

Through embracing technological advancements like AugTool for real-time data access and reporting, companies in the mining industry can navigate the challenges and volatilities inherent in its landscape, thereby ensuring a path to continuous improvement and competitive advantage.