March 25, 2016
Maybe you are assuming that this year will be “different”, and inventory numbers will come close to reconciling, without making changes in current stockpile measurement methods.
Stockpile inventory management is often a real source of ongoing frustration for the companies that have approached Stockpile Reports for help. We met with, and spoke with dozens of people about their challenges at the recent AGG1 conference in Nashville, Tennessee. They outlined many reasons for infrequent measurements.
Accessibility, safety, costs, schedules and competing priorities make it difficult for the quarry manager to measure stockpiles as often as the accounting department would prefer. We hear managers say, “Do they want me to make rock— or measure rock?”
The CFOs who spoke with us wants production levels to remain in alignment with 2016’s accounting plan. Accounting departments often struggle with various data entry sources from multiple people. Measurement information comes in from voice, email, paper and spreadsheets. Too often there are data error issues.
No. Our clients have discovered that utilizing a combination of iPhone and aerial (airplane or drone) imagery provides a complete solution. Mark Crain, of Lane Construction, gave a testimonial at AGG1 describing the company’s success using many sources of imagery for accurate perpetual inventory.
Learn from what hasn’t worked before: don’t assume that this time things will be “different” when it comes to your monthly inventory results. Start now. Make an action plan that will get you to your 2016 target. Contact us today for more information and ask about a demonstration— we can help.
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