Publication Navigation

Site Navigation

Schneider Electric acquires SolveIT

Publishing Date
06 Sep 2012 12:50pm GMT
Author
Mining Magazine

Processing  Loading & Hauling  Crushing & Conveying  Drilling & Blasting  


Schneider Electric, a global specialist in energy management, has signed an agreement to acquire SolveIT Software, a scientific software provider headquartered in Adelaide, Australia, that specialises in supply & demand chain optimisation and predictive modelling.

SolveIT said that its applications have enabled organisations such as Rio Tinto, BHP Billiton and Xstrata to optimise production and demand chain activities. SolveIT’s advanced demand planning and forecasting tools help industrial operations to manage their end to end demand chain and execute optimised plans, while taking into account existing and future constraints such as impact of workforce variability and market conditions. SolveIT tools also help to optimise production, storage, logistics and distribution activities by running predictive analysis and ‘what if’ simulations.

The acquisition complements Schneider Electric’s solutions offering in the operations management space by providing the forecasting, optimisation and modelling capability on top of Schneider Electric’s market production analytics tools in the mining, minerals, metals and general manufacturing sectors. SolveIT said that the combined platform will enable customers to deliver more from their existing assets than ever before and thereby maximise profitability per unit output.

SolveIT’s applications are based on proprietary platforms for advanced optimisation, prediction, and what-if analysis, and can optimise production and supply chain activities on both a local (plant) and global (network) level. SolveIT’s mining software applications cover exploration management, mine planning and scheduling, and mine-to-port logistics optimisation.

Companies in this article

Visit the links below to read profiles, see stock information and read all news on companies mentioned in this article.

More News By Subject

Site Search

Read articles from the latest Print Edition - MM July/Aug 2014
MM1407-08_scr-2.jpg
 
COMPANY PROFILES
Russian precious-metals company Polymetal International plc has made significant progress at the Semcha platinum-group metals (PGM) property in the past year as it moves the project towards a preliminary economic assessment
The Republic of Guinea intends to launch, pursuant to the mining Code, a competitive and transparent invitation to tender for three bauxite mining blocks located in the prefectures of Boffa, Boké and Télimélé.
Indochine Mining Limited is developing a high-grade gold project at Mt Kare in PNG by rapidly developing wide, high-grade gold zones
Sarama Resources is a West Africa-focused gold explorer with substantial landholdings in Burkina Faso, Liberia and Mali.
Midway Gold is an emerging, near-term gold producer on track to bring its first million-ounce project, the Pan mine, to production in 2014
RECENT IN-DEPTH FEATURES

Recently published Reports:

No results were found