SYSTEMS AND METHODS FOR MANAGING MATERIAL BALANCE BETWEEN INCOMING AND OUTGOING STREAMS OF A MATERIAL IN AN INDUSTRIAL SYSTEM

Disclosed herein are systems and method for managing material balance between incoming and outgoing streams of material in an industrial system. A method may include providing a graphical user interface (GUI) that enables a system administrator to generate a visual model of the industrial system that includes (1) elements that are interconnected in the industrial system, and (2) streams including at least one incoming stream of material to each element and at least one outgoing stream of material from each element. The method may include receiving, via the GUI, a plurality of parameters of the elements and the streams such as material chemistry, user demand of each user element of the user elements, and flowrate for each stream of the streams. The method may include determining a category of each stream and automatically balancing, by a processor, incoming and outgoing streams for each element.