Mining enterprises rely on enterprise resource planning (ERP) technology to plan, execute and control production to meet planned production targets.
A good Production Accounting Management (PAM) system has functionality that is a prerequisite in the mining industry with the objective to support mine planning and production in the most cost-effective way, including accurate geological calculations and mineral-rich ore body analysis.
Are you aware of the benefits and limitations of your production accounting system? What can you do to maximise results?
Mining Repository Data Integration
The performance of your production accounting software depends on key consideration such as the clear data visibility across the entire mining operations, and the integration of the mining repository data with other important business requirements such as asset maintenance, inventory management, or safety compliance.
An effective production accounting system should integrate in your mining and metal processing strategy providing users with the ability to record actual production against call and optimise material production based on planned production advance and material availability.
Microsoft Dynamics Ax Production Accounting Module 2 (PAM 2) is the second module within our Production Accounting Module software suite included in the xMMP (exploration, Mining and Metals Processing) platform. PAM 2 is used in processing plants and tracks the location and value of the commodity, essentially improving the visibility and control of the revenue generated from the plants’ output.
Unified Production Recording System
The production recording system should be accurate and user-friendly, and easy to share through a single information repository that communicates with the procurement department.
In short, the same production recording interface should be visible across multiple departments, which in turn facilitates reliable and timely delivery to mining stakeholders and decision-makers.
With an integrated PAM system’s functionality, management can quickly act and respond to any changes in the mine’s operations based on the current real-time production data and estimated performance. The immediate reporting at different management levels should be included in the functionality to speed up execution decisions.
Material Planning Optimisation
It has become imperative to optimise and adjust material planning and consumption to reflect the mining operations standards, labour availability, and other industry requirements.
Production optimisation requires an advanced comparison and analysis of data, as well as a proper analysis to establish how efficient production processes are. This way, resources are optimised while mismanagement and errors are eliminated as far as possible through business intelligence and automation capabilities.
Decision Inc. Immix’s software provides extensive exploration, Mining, and Mineral Process (xMMP) solutions for key mining requirements, including functionality required for nearly all of the Total Life of Mine (LOM) requirements.
Microsoft Dynamics serves as the platform for the xMMP product suite.
Decision Inc. Immix leverages the Microsoft Dynamics 365 technology to provide mining specific software across a variety of modules, including Production Accounting Management (PAM).
Contact Decision Inc. Immix and speak to one of our experienced Microsoft Dynamics ERP consultants if you would like to see how an ERP system can help your business, and learn more about Dynamics AX OHS, its key functionalities, and key benefits.