10 Reasons Why Integrated Planning and Optimization Solutions are Key to Mining Operational Success
Credit to Author: Livia Wiley| Date: Fri, 14 Jul 2017 10:44:10 +0000
By: Rachel K. Carson, MarCom Intern for Process Industries
Today’s mining commodities world is ever changing. As production costs are steadily increasing and operations are expected to be lightning fast and more productive, the need for a highly effective mine is ever more present today. No longer can operations be managed at a local and siloed level. Operations need to be maximized and managed to the overall plan.
Why current MMM practices alone aren’t working..
Mining, Minerals & Metals (MMM) organizations have historically used a combination of point solutions within various departments, such as planning and scheduling, and operations. They typically produce complex custom reports for the next step in the supply chain. Not only does this process rely on a handful of tool experts, but it can also lead to…
- miscommunication of key data
- impede collaboration
- time-consuming procedures
- increased chances of delays
Technological advancements have created solutions to these traditional complexities
Unified enterprise supply chain management solutions offer a unique architecture, which has been developed from the ground up as a single unified solution reaching across the pit-to-port supply chain. Specifically designed to eliminate the costly inefficiencies arising from legacy point solutions, software solutions maximize the value of collaboration across the enterprise. These solutions allow for operations to be visible throughout the entire process of the supply chain.
To learn more about supply chain optimization, join our Unified Supply Chain Management for Mining webinar.
Here are some reasons why..
Listed below are 10 reasons as to why your business should integrate planning & optimization solutions for overall success in mining operations.
1. Eliminate costly inefficiencies arising from legacy point solutions
Costly inefficiencies from outdated ERP programs slow down operations, create penalties, and increase chances for unexpected expenditures. Planning & optimization solutions decrease chances of costly inefficiencies arising and keep projects on budget.
2. Maximize the value of collaboration across the enterprise
Prior mining solutions involve operations managed at local levels only. Value can be increased by collaborating across the entire enterprise and increasing visibility through the entire supply chain. This not only maximizes value, but increases profitability as well.
3. Minimize the time to generate a plan and schedule
New planning & process optimization solutions ensure faster abilities to plan and schedule across entire supply chains, allocating fast and accurate decision making.
4. Minimize misalignment between planning, scheduling and execution
Aligned solutions ensure you’re always working towards eliminating unnecessary rail penalties, due to delays, and maximizes utilization of the delivery network. Better communication for planning, scheduling & execution are executed better than ever before: allowing more to get done in less time with fewer hiccups.
5. Integrate supply chain functions and planning horizons
A unified solution increases resource to market potential through integrated supply chain functions, allocating for better future planning and operating schedules.
6. Increase the performance of the plan and schedule against stated KPIs
Against stated KPIs, integrated planning & operations solutions increase overall performance and mining productivity up to 20%.
7. Increase your visibility into the supply chain
In an ever-present changing industry, increasing the ability to adapt to change is of utmost importance. Increasing a knowledgeable presence into the entire supply chain is more imperative than ever before.
8. Minimize the time to configure and deploy instances
Time efficiency is crucial to mining operational success. An integrated solution helps minimize the overall time it takes to configure and install specific instances.
9. Increase the ability to understand the decisions leading to KPI adherence
Through your business’ complex operation measures, a single planning & optimization solution helps to increase the ability to understand decisions, and how they lead to KPI overall adherence.
10. Empower strategic and operational forecasting
Increasing your visibility into the supply chain focuses on optimizing throughput quality and recovery while minimizing energy consumption. Industry savvy improvements empower even further strategic and operational forecasting and future decisions.
Providing mining operators with an efficient, sustainable, scalable and upgradeable solution, a unified enterprise supply chain management solution enhances collaboration, explores opportunities, reduces operational risks and minimizes the gap between planned, scheduled and actual results.
Interested to learn more? Register for our free webinar
Join us for our Unified Supply Chain Management for Mining webinar on July 20, 2017 at 11 am AEDT (GMT+10). This webinar will demonstrate how a unified supply chain management solution can enhance your overall business operations while maximizing efficiently through your entire supply chain. Register Now.
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