Equipment Utilization & Productivity Improvement

Introduction:

The objective of this service is to:

  • Streamline equipment utilization.
  • Effect a reduction in the costs of material delivered to the plant.
  • Enhance the productivity of mines.

Coverage/ Methodology:

  • Data Collection.
  • Data Analysis: Delivered costs of raw materials, including stores & spares, consumables, repairs & maintenance, power, fuel, salaries & wages, CAPEX ownership (depreciation & interest), working capital, insurance, royalties & other duties, overheads etc.
  • Identification of Cost Heads: Activities such as drilling, blasting, excavation, transport, reject handling, re-handling, mines development, environmental management, quality control, etc.
  • Developing the Activity-Cost Head Matrix & Identification of Cost Influencers: A matrix is developed for relevant cost elements under different cost heads associated with each mining sub activity. Parameters influencing costs, as relevant to each sub activity are identified.
  • Benchmarking: Comparison of performance parameters, sub-activity wise costs and total costs against benchmarks available with Holtec, as relevant to the particular environment.
  • Strategic Action Planning: Strategic options.
  • Identify options available for effecting improvements in
    • Costs by modifying influencers and improving performance parameters.
    • Operations by improving resource efficiencies/ utilization.
  • Perform cost-benefit analysis to select the best option(s).
  • Develop Action Plans for facilitating the implementation of the strategy mix chosen highlighting:
    • Strategy description.
    • Timing for implementation.
    • Implementation costs including CAPEX.
    • Expected benefits.

Benefits:

It helps in:

  • Saving costs.
  • Improving productivity.
  • Enhancing equipment utilization.
  • Rationalizing manpower.