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A new source of working capital
Technology Category
- Analytics & Modeling - Data Mining
- Analytics & Modeling - Predictive Analytics
- Platform as a Service (PaaS) - Data Management Platforms
Applicable Industries
- Mining
Applicable Functions
- Procurement
Use Cases
- Predictive Replenishment
- Process Control & Optimization
- Supply Chain Visibility
Services
- Data Science Services
- System Integration
- Training
The Challenge
A global mining organization was dissatisfied with the results from a management consultant firm they had engaged for a taxonomy and categorization exercise. They needed a more effective solution to support their procurement team with data categorization. The existing taxonomy was not aligned with their business needs and reporting objectives, leading to inefficiencies in their procurement processes. The organization sought a new framework that could better categorize their data and provide actionable insights to improve their working capital strategy and payment processes.
About The Customer
The customer is a global mining organization that operates on a large scale, with thousands of users across over fifty countries. They have a significant focus on procurement and finance, requiring robust data categorization and analytics to support their operations. The organization needed a solution that could handle vast amounts of historical data and provide insights to optimize their working capital and payment processes. They turned to Rosslyn, a company known for its expertise in delivering accelerated business value through data insight, to address their needs.
The Solution
Rosslyn implemented their platform to replace the existing taxonomy and create a new framework for data categorization. This new framework was closely aligned with the mining organization's business needs and reporting objectives. The platform enabled the client to categorize 95% of their data across six years of historical records. Following the success of the initial data categorization project, Rosslyn's focus shifted to exploring opportunities around the client's working capital strategy and payment processes. Rosslyn's specialist team created a series of reports tailored to the specific concerns of multiple business units. These reports provided insights into working capital and enabled the finance and procurement teams to collaborate on amending payment terms across a broad scope of their supply base. This collaboration ultimately increased the levels of working capital for the business while maintaining the same levels of business continuity and production.
Operational Impact
Quantitative Benefit
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