[VIDEO] 5 Ways Atlas Copco Continues to Grow
For the last 142 years, Atlas Copco has built a solid reputation for being a world-class provider of sustainable productivity solutions in the mining, construction and manufacturing industries. The company attributes its success to five strategic pillars: presence, innovation, service, operational excellence and people.
The following video reveals the five pillars for Atlas Copco's success and demostrates how each one plays a critical role in the growth and success of the company.
Atlas Copco aims to be presence in major markets like China, India and the United States. The company is active in over 180 countries around the world, and strives to be where its customers are. Its brand portfolio enables Atlas to provide customers with the best products and service for their need. Each brand aims to be first in mind and first in choice with its customers.
“There is always a better way."
For Atlas Copco, innovation is in its genes. It not only creates value for customers, but reduces time-to-market and increases overall efficiency. The company continues to seek out the best information technologies, the best production methods and the best business and online services.
Atlas strives to focus on customers and gain knowledge of their needs. Similar to its approach in designing and manufacturing mining equipment, Atlas Copco thinks outside the box in service and continuously looks to find new ways to provide the best customer service possible. Believe it or not, the company actually has more employees in service than production.
4. Operational excellence
To continue being a leading provider in equipment solutions, Atlas Copco is focused on fast and flexible operations. Lean production, streamlined logistics and an efficient flow throughout the organization allows both Altas Copco and its customers to win.
Like most companies, people play a critical role in the success of Atlas Copco. The best strategy in the world will go nowhere without people to put it in place, and Atlas is committed to building a strong organization of culture with committed individuals to drive it.
Coal India Secures First-Of-Its-Kind Digital Deal
Coal India Limited (CIL) has appointed Accenture Solutions to digitally transform seven of its open-cast mines as the company strives to improve performance and increase coal production. Accenture is due to lay down digitalisation groundwork until March 2022.
The deal aims to increase coal production by 100 million tonnes (MT) by the end of FY’23. Once the minimum quantity has been surpassed, an agreed sum will be paid to the consultant for every additional sum of coal produced. This success fee will only be paid on the procurement of the minimum assured quantity.
The move will see heavy earth moving machinery (HEMM) fitted with digital sensors to monitor performance efficiency at all levels. Additionally, modern data analytic techniques aim to increase mine productivity and project monitoring through functional system management and effective observation.
An Exciting Venture For Global Mining
CIL, which aims to provide energy security in an environmentally and socially sustainable manner, hopes the move will help transform the entire business of mining operations and ensure higher volumes of coal are acquired at a lower cost.
“This is a first of its kind initiative by the company utilising digitalisation to ramp up coal output,” CIL has said.
A Digital Step Towards Enhanced Performance
Digitalisation is expected to take place at open-cast mines in Kusmunda, Gevra, Dipka of Southern Eastern Coalfields (SECL), Migahi, Jayant, Dudhichua, and Khadia of Northern Coalfields (NCL). Nearly 32% (188 MT) of CIL’s 596 MT output in FY’21 was accounted for by the seven selected mines. However, this new deal is set to see a large increase following the subsequent digital changes due to be made.
“Learning from the outcome and success of this model, we may replicate it in our other large mines,” says CIL, optimistic about the future following the modernisation of their mining.
It is expected that the move will help address roadblocks and guarantee corrective measures are put into place, ensuring the company is able to move forward with its aim of increasing output whilst remaining sustainable and eco-friendly.