How The Mining Industry Benefits From ERP Systems
- Topics:
- Enterprise Resource Planning
- Tags:
- ERP,
- ERP System,
- Manufacturer,
- Manufacturing,
- Marketing,
- Marketing Research,
- Mining,
- Technology Evaluation Centers
- Source:
- Technology Evaluation Centers
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Overview: Mining is a multifaceted business, one that in many ways parallels a repetitive manufacturing business. The analogy is that exploration and marketing for a mining company, for example, is similar to the marketing research performed by a manufacturer, although a noted difference between the two is that most mines are of sizes to support decades of operation, whereas a manufacturer's production runs last for much shorter durations. In this paper, a loose comparison is drawn between the mining industry and the manufacturing industry, and suggested is a method to follow in order to integrate financial reporting so that auditors can verify results. It concludes with concepts that are required to manage the entire organization.
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Format: HTML | Date: Mar 2008
