Optimizing Mining Projects: A Total Value Optimization™ Case Study
This case study is about how a mining company faced significant challenges in their reclamation project due to a combination of factors like lack of resources, accountability, communication, and poor planning. Despite attempts to bring things under control, the situation seemed to deteriorate. However, by adopting an end-to-end supply chain view, rooted in a Total Value Optimization (TVO)™ perspective, the company was able to identify and rectify root causes, leading to substantial improvements.
- Project falling behind schedule.
- Morale sinking, with a blame game replacing leadership.
- Cost overruns.
- Lack of resources.
- Lack of accountability.
- Poor communication.
- Absence of effective planning and scheduling.
Solution - Total Value Optimization (TVO)™ Perspective
- Recognizes the interplay of planning, procurement, operations, and logistics.
- Shifts in thinking about supply chain as an interconnected continuum.
- Importance of trustworthy data, clear communications, and on-the-ground oversight.
- 16% increase in productivity in one month.
- 25% reduction in breakdown times.
- 30% improvement in materials moved.
- Dozers & excavators refueled by the start of each shift.
- 7,000+ additional metric tons moved per month.
- Transition from intermittent to weekly planning meetings.
- TVO and trustworthy data are crucial for propelling complex projects.
- Ensuring alignment across planning, procurement, operations, logistics, and communications can drive successful project completion.
Propel Complex Mining and Energy Industry Projects to the Finish Line