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| Craig Stewart, Director, TSG Consulting, a sponsor company at the upcoming marcus evans Mining Technology and Operations Summit 2012, on driving value in mining operations by having a better understanding of the supply chain. |
London, Oct 22, 2012 - (ACN Newswire) - "In the mining industry today, it is not producer against producer, but supply chain against supply chain," said Craig Stewart, Director, TSG Consulting. Companies that maximise assets and deliver their throughput at the lowest cost are in the best position to weather out the market, but they need a detailed understanding of their systems to make important business decisions, he added.
Ahead of the marcus evans Mining Technology and Operations Summit 2012, where TSG Consulting will be present, Stewart discusses the complexities in the mining industry, and how detailed simulation, analysis and engagement can give directors the insight they need into their supply chain to make informed business decisions.
- What are the complexities in the mining industry?
Mining operations and the associated supply chains are getting lower grades and are in more remote areas, which are providing their own unique issues. Directors are unable to confidently distinguish between different options for the business. They are not sure which areas of the supply chain to focus on to gain the maximum return on their investment (ROI).
The value drivers in the current climate are shifting, from a price-driven scenario to a market led by margin and volume. Only companies that have a grip on increasing costs will sustain robust and profitable operations, as they must deliver structural competitiveness at all stages of a market cycle.
More so than before, mining executives must intimately understand their operations at a holistic level to make confident decisions. Companies that are able to do this will be well placed to make the most of both current and future markets.
- How can simulation tools help them make better decisions?
In its basic form, dynamic simulation is simply a tool, but it provides the ability for mining organisations to compete based on the productivity, efficiency and cost of their supply chain, and to understand their systems in detail so they can realise the best ROI.
Anybody can build a model, the real trick to dynamic simulation, however, is in how people engage with it. This is tied in with business processes, and the experience and track record of those using the tool. It is critical to look at these, in order to make decisions confidently.
- How can dynamic simulation better master planning?
This is where dynamic simulation fits in quite nicely, because it allows clients to understand the true drivers of their operations and gives them the ability to evaluate options, six months or ten years ahead. Our technology enables strategic master planning to take place early on, which is critical given the time it takes to raise capital or to start on new projects.
- What opportunities could mining companies capitalise on today?
Australia has a real opportunity to be a low cost producer on the world stage. But in the mining industry today, it is not producer against producer, but supply chain against supply chain. This is quite a different approach.
Mining companies need to deliver at the lowest cost possible on the world stage, which requires a deep understanding of processes and systems. That is what will allow them to realise the maximum potential of their supply chain.
About the Mining Technology and Operations Summit 2012
This unique forum will take place at the RACV Royal Pines Resort, Gold Coast, Queensland, Australia, 26-27 November 2012. Offering much more than any conference, exhibition or trade show, this exclusive meeting will bring together esteemed industry thought leaders and solution providers to a highly focused and interactive networking event. For more information please send an email to info@marcusevanscy.com or visit the event website at www.mtosummitanz.com/CraigStewart.
marcus evans group - mining sector portal - http://tiny.cc/j361aw
The Mining Network - marcus evans Summits group delivers peer-to-peer information on strategic matters, professional trends and breakthrough innovations.
- LinkedIn: www.linkedin.com/groups?trk=anet_ug_hm&gid=4301765
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Please note that the Summit is a closed business event and the number of participants strictly limited.
About TSG Consulting
TSG is a world leader in detailed analysis and optimisation of complex supply chains. TSG consultants combine detailed operations modelling, advanced analytics and optimisation techniques into a rigorous Integrated System Methodology. What makes TSG different is its ability to engage with the client across all levels of operations to ensure clients have total confidence in the process and their business decisions. www.tsgconsulting.com.au.
Contact:
Sarin Kouyoumdjian-Gurunlian
Press Manager, marcus evans, Summits Division
Tel: +357 22 849 313
Email: press@marcusevanscy.com
Topic: Research / Industry Report
Source: marcus evans Summits
Sectors: Daily Finance, Daily News
https://www.acnnewswire.com
From the Asia Corporate News Network
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