The Mine That Knew Too Much and Decided Too Little
In 2003, I was part of the PwC team deployed to Industrias Peñoles at Mina Proaño — one of the deepest silver mines in the world, operating since 1554. Silver was under pressure. Costs were rising. And nobody could tell management which parts of the mountain were worth digging. This is the story of how PeopleSoft ABM and Metify Predictive Planning built the first zone-level profitability map in the mine's 450-year history — and forced the hardest operational decision I've seen in twenty years of EPM work.
Are We Controlling Costs — or Designing Value?
When a CFO gets handed a 15% opex cut with no reinvestment plan, cost discipline has replaced strategic discipline. This article explores how CFOs can lead strategic transformations using frameworks like Fit for Growth, Cost-to-Serve, and Design-to-Margin. True profitability doesn't come from tightening the belt — it comes from knowing, with surgical precision, where every dollar creates value.AUTHOR: Peter San Martin (ya está bien)