OPEX Planning and Reporting
Operational expenses for businesses in South Africa are high, especially in the mining industry, where Health and Safety, unions, labour management, and site management are in constant focus. Operational expenses also include:
- Salaries and pension plan contributions
- Sales, general, & administrative expenses
- Research & development
- Property taxes
- Business travel
- Captured in a separate module to manage frequent change.
- Captured into the solution per period (monthly or weekly)
- Can vary in detail (eg: tonnes mined per fleet or per haul truck; BCM blasted per pit or per bench; tonnes treated per ore type or per mix).
- Suitable for any organisational structure where costs are accumulated.
- Dependencies are defined between primary, secondary, and tertiary drivers with automated updates between them.
- Operational standards
- Geographical area standards
- Industry-specific standards
- Equipment standards
The standards you follow reflect the efficiency of your unit throughout the operating cycle
Material prices affects your costs. These are usually re-negotiated on an annual basis with your key suppliers, and can be automatically applied to your budget and forecasting when they are updated.
Price capturing happens on the same schedule as your drivers, by:
- Stock code
- Material grouping
Any planning assumptions that will affect the budgeting or forecasting are defined during the solution configuration:
- Inflation percentages
- Foreign exchange rates
- Taxation percentages
Reporting requirements will vary by organisation, so yor reporting is tailored to your company’s specific needs.
- Actual vs Budget vs Forecasts
- Financial Budgeting and Forecasting
- Operational Budgeting and Forecasting
- Operational Standards Analysis and Review