It All Adds Up: World Coal Magazine

World Coal’s March magazine was published this week, with an article from Stockpile Reports that states World Coal Magazine Articlethe case for more frequent physical inventory counts as the best way to control inventory swings.

Companies in the mining, construction, and aggregate industries strive to achieve and maintain an inventory +/-5%. However, the actual variation might realistically skew over/under in the range of 20 – 30% vs actual. For national or global companies with multiple sites and locations, any variation could easily multiply into the tens or hundreds of millions of dollars.

Unlike retailers and manufacturing companies, which perform physical inventory counts once or twice a year, materials companies must perform more frequent counts to reduce errors that build up over time. Historically, companies have performed annual inventory counts with quarterly or monthly estimates to help manage write-off risk. Some companies have now advanced to twice-yearly, or even quarterly counts.

The article has a brief overview of technological advances in photogrammetry, Software as a Service (Saas), and drones.

A case study includes information about a multinational materials company that manufactures and distributes cement, ready-mix concrete, aggregates and materials including coal, recently approached Stockpile Reports searching for a solution to reduce time and costs associated with inventory measurements across multiple sites.

Read the online article here:

Note: This article first appeared in the printed March issue of World Coal.

 

 

Stockpile Reports on Cover of xyHt Magazine

Wow! We’re thrilled to be on the cover of, and a featured story in July’s xyHt magazine. Stockpile Reports photo on the cover of xyHt magazine.By the way, that’s a photo of our CEO David Boardman, at a client site in Redmond, WA.

XyHt is an evolving resource for professionals in the fields of positioning and measurement. Some of the topics the magazine and website writes about include engineering surveying, construction surveying, machine control, Satellite imagining/photogrammetry, and more.

If you are wondering how Stockpile Reports got started, this is a great article to read. It goes into depth about our parent company URCV and how we partnered with our very first client.

The xyHt article has a great overview about the engineering brains, titled ‘The Vision Team,’ behind our patent-pending software platform. Dr. Jan- Michael Frahm, Dr. Brian Clipp, and Dr. Charles Erignac have fascinating backgrounds. You’ll also get a peek at some of their other world-class 3D work and projects.

You may want to find out even more about Stockpile Reports after reading the article. We’re able to personally answer inquiries— just send us an email.