Category: Mining & Natural Resources
How Data and AI Are Driving the Procurement Revolution
In today's data-driven world, there’s more access to information than ever before. Maybe even too much. Take the domestic meat industry for example where the landscape has shifted dramatically, especially since the USDA began tracking volume and price on every ribeye and strip loin under the 1999 Livestock Mandatory Reporting...
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Navigating the Sale of Spot Cargo for Maximum Gain
Value Using DecisionNext's advanced forecasting tools, an iron ore producer boosted their profit by $700,000 for one deal. The platform helped them easily improve their decision-making, manage risks, and make critical decisions faster when selling spot cargo. Given that this iron ore producer has at least one of the deals...
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Unleashing Value: Strategically Marketing a 250kt Iron Ore Shipment
Value With DecisionNext, a large iron ore producer increased profits by an average 6-8% on spot sales. Our solution helped them optimize pricing strategy and reduce the time required to make key decisions. Problem Without accurate forecasts, producers are forced to rely on historical averages, futures markets (if available) and...
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Navigating Today’s Volatile Commodity Markets: Mining
Market Data and Forecasting: Commodity markets are notoriously opaque, and data are scattered, making it difficult to stay on top of all the factors driving prices. We can automate the collection of hundreds of data series, bringing those data straight to your models every time they are released. We currently...
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