From Pit to Port: Everything You Need to Know About Supply Chain
In today’s competitive global economy, inventory management and supply chain play a vital role in an organization’s success. The ability to oversee products and ensure availability is a key challenge for mining companies due to the mission-critical and high-risk nature that assets play in business success.
A successful mining company requires continuous improvements in its supply chain. Working from spreadsheets or other archaic software not only slows improvements, it prevents smooth day-to-day operations. Effective maintenance management is critical.
Triple Point Technology
One of the best supply chain management software systems comes from Triple Point Technology. The system – Triple Point Supply Chain Optimization (SCO) combines collaborative and integrated planning, optimization, monitoring, and response to address the unique challenges found in the mining industry.
SCO allows companies to gain visibility into global supply chain; optimize sourcing; ensures accurate demand forecasting; effective sales and operation planning, production planning and scheduling, reduced distribution costs; and improved customer service. The system by Triple Point Technology provides real-time visibility across the entire supply chain.
Barloworld Supply Chain Software
Easy configuration and optimization have made Barloworld Supply Chain software one of the best. The company has extensive experience of providing inventory management software solutions to the mining and heavy industry sectors as well as a long list of prestigious customers.
With Barloworld, miners have an array of inventory and supply chain services at their fingertips. The company offers CAST Aurora, a supply chain network modeling software that delivers significant cost savings and service improvements; Optimiza Inventory Planner, a revolutionary system that builds an inventory risk model for mining companies to reduce risk; CINO, which is a multi-echelon inventory optimization tool that identifies the ideal inventory planning strategy for an entire supply.
Barloworld also contributes to operational downtime. The company’s software addresses and manages downtown correctly, helping to keep it to a minimum and/or removing it from the equation.
Pronto Xi Supply Chain Management (SCM) Software
Designed specifically for the mining industry, Pronto Xi Supply Chain Management offers tailored solutions to maximize asset utilization and improve asset value through maintenance planning. The integrated asset management and maintenance software provides mining teams with all the tools they need to plan and establish maintenance activities and schedules as well as detailed asset performance reporting.
The benefits of Pronto Xi are unsurpassed. Miners have the ability to develop and maintain an equipment and asset register; maintain full history of asset’s performance including maintenance work; record full financial history of assets including costs and maintenance cost; create maintenance alerts for equipment, accurately plan, forecast and identify resources for preventative maintenance activities; implement condition monitoring and integrate with Microsoft Project.
Deliver superior coordination and integration of products, customers, suppliers, and the related financial issues with Pronto Xi.
IBM Optimization Mine to Ship
Adopting an optimized and integrated mine-to-ship supply chain management approach can help address various operational challenges like execution disruptions (broken equipment), late ship departure penalties, and reduced customer service levels.
IBM Optimization Mine to Ship allows integrated mining companies to enhance their mine-to-ship supply chain operations by optimizing each supply chain component in a fully integrated schedule.
The scope of this solution spans from the loading of materials into the trains at the mine hub to the berthing of the ships, their loading and their departure. It offers various capabilities including the ability to take into account real-time operation information regarding equipment status, rolling stock status and location, equipment efficiency and planned maintenance, etc. The result is a closing of the gap and associated costs between planning, scheduling and execution.
The solution is built on top of the IBM ODM Enterprise platform, which allows efficient What-If analysis and scenario comparison, making it easier to collaborate for the various supply chain stakeholders.
The last on our list of supply chain software, Quintiq is one of the best. The software enables mining companies to visualize all activities in their network and optimize effectively through supply chain. The system allows companies to minimize costs and maximize profits while also presenting new opportunities through intelligent planning.
Quintiq transforms critical infrastructure constraints and labor shortages into opportunities. With the world’s most advanced optimization techniques, mining companies can simplify their complex decision making processes and maximize potential profits. In addition, Quintiq offer an end-to-end mining supply chain solution, from production to ports through to shipping.
As labor-intensive as the mining industry is, there are hundreds of software system and programs available to manage and optimize their needs.
Vale invests $150mn to extend life of Manitoba operations
Vale has announced a $150mn CAD investment to extend current mining activities in Thompson, Manitoba by 10 years while aggressive exploration drilling of known orebodies holds the promise of mining well past 2040.
Global energy transition is boosting the market for nickel
The Thompson Mine Expansion is a two-phase project. The announcement represents Phase 1 and includes critical infrastructure such as new ventilation raises and fans, increased backfill capacity and additional power distribution. The changes are forecast to improve current production by 30%.
“This is the largest single investment we have made in our Thompson operations in the past two decades,” said Mark Travers, Executive Vice-President for Base Metals with Vale. “It is significant news for our employees, for the Thompson community and for the Province of Manitoba.
“The global movement to electric vehicles, renewable energies and carbon reduction has shone a welcome spotlight on nickel – positioning the metal we mine as a key contributor to a greener future and boosting world demand. We are proud that Thompson can be part of that future and part of the low carbon solution.”
Vale continues drilling program at Manitoba
Coupled with today’s announcement, Vale is continuing an extensive drilling program to further define known orebodies and search for new mineralization.
“This $150mn investment is just one part of our ambitious Thompson turnaround story. It is an indicator of our confidence in a long future for the Thompson operations,” added Dino Otranto, Chief Operating Officer for Vale’s North Atlantic Base Metals operations.
“Active collaboration between our design team, technical services, USW Local 6166, and our entire Thompson workforce has delivered a safe, efficient and fit-for-purpose plan that will enable us to extract the Thompson nickel resources for many years to come.”
The Thompson orebody was first discovered in 1956 by Vale (then known as Inco) following the adoption of new exploration technology and the largest exploration program to-date in the company’s history. Mining of the Thompson orebody began in 1961.
“We see the lighting of a path forward to a sustainable and prosperous future for Vale Base Metals in Manitoba,” said Gary Annett, General Manager of Vale’s Manitoba Operations.