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.

 

 

What a Difference a Year Makes!

Last week we announced that our customers surpassed measuring 125 million tons of material using our platform.

As our readers know, we love data. Just for fun we looked back into our blog, and saw that on May 27, 2014 we announced a similar type of milestone. Customers had measured over 25 million tons of material.

Stockpile measurements by customers have grown 500% in one year!

We dug a little deeper, to compare year to year. Here’s a bit more to share:

Aerial stockpile measurements using an airplane and UAS grew 583% in the same period between 2014 and 2015.

Stockpile measurements using an iPhone grew 264%.

We now have clients in 12 countries.

Year to Year customer growth and usage.
May 2014 to May 2015 growth and usage.

Stockpile Reports’ patent-pending system is the only way to measure 100% of your site’s stockpiles, with online results available for view in 24-hours via our web portal.  This enables your business to get the best of ground and air for stockpile measurements.

Are your current measurement methods… 

  • Easy enough to use that anyone could measure stockpiles with minimal training?
  • Don’t have to be outsourced, and someone is trained how to do it at every site?
  • The results meet the consistency and accuracy requirements of your company?
  • The results are automatically processed and available to corporate with no data entry?
  • Allow you to measure dozens of sites in a day, with the stockpile results available to you online in 24-hours?

If you can’t answer ‘Yes’ to any of those questions, or if your current measurement method doesn’t enable you to measure company stockpiles confidently, quickly, and comprehensively then you should Contact Us.