Mincom upgrades Minemarket software

Mincom, a global provider of software solutions and services for asset-intensive industries, announced that it has upgraded its supply chain solution for minerals and metals mining organisations. Mincom MineMarket 4.4 optimises the tracking and logistics of mining products – such as coal, iron ore, base and precious metals – from their initial extraction, stockpiling, production, shipping and transportation to their eventual delivery to the customer, and simplifies the complex sales and invoicing of these products.

John Jessop, president of global mining solutions at Mincom, said: “Meeting the demands of complex contracts and managing sophisticated logistics is a daily challenge faced by every mining organisation.

“Consolidating supply chain data from across the organisation is essential for maximising commercial outcomes. However, the proliferation of disparate systems and spreadsheets can often result in silos of conflicting information, leading to time-consuming error corrections, reactive plan changes, product-quality penalty costs, and missed opportunities to maximise sales.”

Mincom MineMarket has new advanced functionality in port and stockyard management as well as partner trading, making it an effective solution for the efficient management of integrated sales, marketing and supply chain processes.

Mr Jessop added: “Given its ability to seamlessly integrate with other key business systems, thereby creating a standardised process for collecting data throughout the supply chain, Mincom MineMarket helps mining organisations ensure timely and correct information is visible across the organisation. By combining supply data from mine planning, processing and logistics with demand data from marketing and sales into one system, MineMarket helps ensure that supply and demand are balanced, contracted sales will be delivered, and capital tied up in excess product inventory is minimised.”