Rock Products

MAY 2019

Rock Products is the aggregates industry's leading source for market analysis and technology solutions, delivering critical content focusing on aggregates-processing equipment; operational efficiencies; management best practices; comprehensive market

Issue link:

Contents of this Issue


Page 19 of 95

18 • ROCK products • May 2019 Operational excellence in the mining industry is of critical importance because everyone operates in a similar way. The mining company that has complete end-to-end visibility of its natural resource extraction and marketing processes; that understands the importance of HR in asset management; and uses operational intelligence to inform its decisions will be the one to outperform its competitors. How does enterprise software play an essential role in ensur- ing not just efficiency but excellence in mining operations? For a mining organization, enterprise resource planning (ERP) and enterprise asset management (EAM) is crucial to standardize and streamline all core business processes. It is important mining companies are aware of the key areas, which can be enhanced by enterprise software support – from exploration, feasibility and construction to operation, maintenance, regulatory compliance, financial analysis and reporting. Get Everyone on the Same Page When integrated across the whole business, this essen- tial enterprise software ensures that different parts of the organization are operating on the same set of data and can streamline, and even automate, the handoff of processes from one functional group to the next. So, if we take the installation of equipment at a new mine site, for instance, the software can trigger the scheduling of preventive maintenance and the purchase of required spares and repairs to sustain that equipment over its lifecycle. Next, the preventive maintenance activities can signal to a human capital management module the hiring, labor-hour and skills requirements necessary to complete the work. Or alternatively, a decision from finance to wind down opera- tions at a mine can signal to a maintenance department that they can slow down spares and repairs purchases. This is why enterprise software must provide a single, unified way for an executive team to manage operations spanning multiple geographies in a rapidly changing market environ- ment. Only then will they achieve operational excellence and successfully compete for both revenue and capital investment. HR and Asset Management Interlinked The single most expensive and critical business function in mining is the preventive and break-fix maintenance of equip- ment – above and below ground. Assets below ground are the most challenging. They are obviously harder to get to but mines tend to be located in remote locations, distant from supply chains. This is where truly effective supply chain management for spares and repairs inventory is critical. But reliably complet- ing planned maintenance work and minimizing downtime due to equipment failure is contingent not just on inventory, but personnel. This means that ERP and EAM software for the mining sector is essential as it includes embedded human resources func- tionality to align work that must be done to sustain an asset with the right skills, certifications and labor requirements. This will enable an operation's human resources team to recruit, train and retain personnel to meet these needs. Without these asset management and human resource func- tionalities, a mining organization's performance will suffer in a number of ways. Common problems could be a lack of maintenance technicians required to sustain the asset, or even cases where maintenance and repair work has been completed by unqualified personnel – leading to enterprise risk and regulatory compliance issues. Mining Brings Challenging Work Conditions These dynamics will affect any asset-intensive operation, but in mining they are compounded by the challenging work Mining for Operational Excellence By Colin Beaney

Articles in this issue

Links on this page

Archives of this issue

view archives of Rock Products - MAY 2019