Minimises the impact of metal price volatility on its business, with increased visibility across all metal flows
SAP has lent its offerings to zinc producer Nyrstar to manage Nyrstar’s global business. Nyrstar has choosen SAP to address challenges it faced, both as a result of the complexity of its merger as well as from its vast business dealings in the mining industry.
Following the merger, Nyrstar implemented the SAP ERP Financials offering, the SAP practices for Mining package and the SAP Treasury and Risk Management offering and the company has also worked with SAP under the customer engagement initiative framework during the development lifecycle for commodity management solutions from SAP.
The commodity management offerings from SAP include the SAP Commodity Risk Management, SAP Commodity Procurement and SAP Commodity Sales applications.
With the SAP offerings, Nyrstar can handle assays and its complex raw materials contracts and also allow the company to capture all transactions within the supply chain and transfer them to its exposure management process.
In addition, Nyrstar also minimises the impact of metal price volatility on its business, with increased visibility across all metal flows and centralized management of global risk exposures.
Nyrstar CIO Phil Palmer said SAP software provides the platform we need to run a successful business.
"By operating a lean, efficient, dynamic and flexible business underpinned by SAP software, we can focus on building a strong and sustainable future and creating value for all our stakeholders," said Palmer.