July 8, 2015
If you made a resolution last January to lose 10 lbs in 2015, there is still time remaining to make your goal— if you make changes to your habits.
Speaking of losses… how are your inventory numbers tracking to your 2015 plan? Are you afraid that the company will need to write off millions of dollars again at the end of the year?
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. The challenges of measuring the volume of stockpiled materials are many.
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 CFO wants to ensure that production levels remain in alignment with the year’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, and sometimes the information arrives late.
Is it unreasonable to want stockpile inventory tracking available on a real-time basis?
No. Our clients have discovered that utilizing a combination of iPhone and aerial (airplane or drone) imagery provides a complete solution.
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. Make an action plan that will get you to your target. Contact us today for more information and ask about a demonstration— we can help.
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