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Schneider Electric acquires SolveIT

Publishing Date
06 Sep 2012 12:50pm GMT
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.

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