Metals & Mining Use case
Orivyn excels in delivering tailored CTRM solutions for the metals and mining industry. Our expertise spans the entire value chain, from extraction to trading, enabling us to provide comprehensive solutions that address the unique challenges of price volatility, complex logistics, and stringent regulatory requirements. Our track record includes successful implementations for some of the world's largest mining conglomerates and metal trading houses.
End-to-End CTRM Solution Implementation for a Global Diversified Metals and Mining Corporation
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Challenge:
A leading global metals and mining company with operations spanning extraction, smelting, trading, and logistics was struggling with disparate systems across its value chain. This led to inefficiencies, poor visibility, and inadequate risk management.
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Solution:
Orivyn conducted a comprehensive analysis of the client's operations and implemented an end-to-end CTRM solution, covering the entire process from vendor selection to post-go-live support.
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Implementation:
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Business Analysis and Gap Identification:
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Conducted thorough analysis of current business processes across all departments.
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Identified gaps in existing systems and processes.
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Developed a detailed report of findings and recommendations.
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Vendor Selection Process:
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Created a comprehensive list of requirements for each department: trading, risk, production, smelting, and logistics.
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Conducted a market analysis of CTRM vendors capable of meeting the diverse needs.
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Organized vendor presentations and demos for key stakeholders.
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Facilitated the decision-making process, considering factors such as functionality, scalability, and integration capabilities.
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Implementation and Integration:
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Developed a phased implementation plan to minimize disruption.
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Coordinated between the chosen vendor and the client's IT team for system integration.
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Oversaw data migration from legacy systems.
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Conducted extensive testing across all modules and departments.
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Provided change management support and training for end-users.
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Go-Live and Post-Implementation Support:
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Managed the go-live process, ensuring smooth transition across all departments.
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Provided on-site support during the critical initial weeks post-go-live.
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Established a helpdesk for ongoing user support.
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Conducted regular check-ins to address any issues and optimize system usage.
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Results:
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Achieved a fully integrated CTRM solution covering the entire value chain from mine to market.
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30% improvement in overall operational efficiency.
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Real-time visibility into global operations, enabling better decision-making.
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25% reduction in risk exposure due to improved hedging and risk management capabilities.
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20% increase in trading profitability through better market insights and timing.
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Enhanced regulatory compliance and reporting capabilities.
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Streamlined logistics operations, reducing transportation costs by 15%
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Improved inventory management, leading to a 10% reduction in working capital requirements.
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Long-term Impact:
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The client gained a competitive edge in the market with improved agility and decision-making capabilities.
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The integrated system provided a foundation for future digital transformation initiatives.
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Orivyn provide ongoing support and system optimization, ensuring clients maximize the value of their CTRM investment.