Mining & Natural Resources Archives

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 Act. The sheer amount of […]

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...

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...

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...

Natural Resources Feels the COVID-19 Pressure

As the spread of COVID-19 continues to affect businesses across the globe, major players in the mining industry are beginning to crack under the pressure. BHP fears that the coronavirus will significantly affect global supply chains. BHP is not alone in these concerns. Many other businesses within the mining industry...

Where Meat-Buying Intuition Meets Artificial Intelligence

DecisionNext has produced this whitepaper which focuses on how its patented machine-learning technology combines with your industry expertise to produce a competitive edge. In this case, we will dive into how today’s new tools build powerful forecast scenarios in order to nail the timing of a buy for holiday beef ribs in highly unpredictable market […]

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