Energy, Utilities and Mining companies face a variety information challenges. Data is often stored in disparate systems, leaving business decision makers frustrated by the lack of reliable, meaningful, up-to-date information.
The information needs are also widely varied, as managers seek to control costs, better manage supply chains, optimize production, manage the workforce, meet regulatory requirements, improve service levels, minimise waste, interpret trends or exceptions and gain visibility into key drivers of revenue and profitability performance.
IBM’s Information Management and Business Analytics technologies provide an exceptional opportunity to create and utilise information assets in cost effective ways:
- to create a single, integrated performance management framework
- to bring together data from different operational systems into a trusted source of information – where summary KPIs are readily related to detailed reports
- to create dashboards that communicate performance and identify exceptions
- to distribute consolidated and unit level reporting of actuals, budget, forecasts and variances
- monitor utilisation and productivity of key plant and other assets
- analyse customer, product, market and channel profitability
- conduct variance analysis on volumes and revenue
- replace cumbersome, error-prone spreadsheets with integrated, distributed, business planning and financial planning solutions
- forecast demand along with supply chain and production plans
- test alternative scenarios - hedging, pricing, reserves, exchange rates, costs, dividends, financing strategies, acquisitions - in real time for immediate visibility into business results