Value Chain Optimization – But What is the Best Strategy for My Mine?!
My dream had always been to purchase my first car when I got my first job. But when it came to the car buying experience, and I’m sure you can relate, it can be a very stressful, exhausting and frustrating process. So many options, varying price points, dealerships throwing so many different models and makes at you. I found myself questioning which was the best fit for me? My dad encouraged me to make a list of the options most important to me. The one I had used when I was younger certainly wouldn’t fit my current lifestyle. It was too small, two-wheel drive, and lacked technology.
Much is the same for mining companies when they are seeking solutions for optimizing their value chains. With so many options out there, and with overwhelming differences among them, a mining company, similar to my own personal car search, might find themselves asking, “What is the best fit for my mine!?” While each mine may struggle with the overall challenge of driving higher throughput and quality, the path to optimizing the process differs greatly between sites and companies.
Find the best solution that is tailor fit for your mine: one that will solve your businesses’ specific daily challenges.
To help make this research process a bit easier, you may have used the Value Chain Optimization Infographic Quiz to guide your Value Chain Optimization (VCO) journey! By breaking down each step, this quiz is designed to help you understand:
- How to define, quantify, and understand your problems
- Your options for solving these challenges
- The solutions that work best for your mine
It is important to remember that Digital Transformation implementations, such as VCO, are not accomplished overnight. It is why we refer to Digital Transformation as a journey. After I bought my car, I wanted to buy new rims and tires for it. As much as I wanted to purchase them right away, I needed to save and research the best ones to get. It took some time and effort, but finally I found the best solution at the time. After I bought that first set, I realized the next time around I would need different ones to fit my needs for snow and ice, that I was not accounting for. Much like this car journey, the same goes for developing a mining value chain. In a business that is always changing daily, Digital Transformation must be altered and tweaked as time progresses, to acknowledge changing business directions and imperatives. However what remains steady is what VCO will do for your business in the long run:
Value Chain Optimization….
-Is bridging operational silos…
-Is enabling real-time productivity…
-And is making processes more efficient.
Value Chain Optimization is changing the way mines operate for a better future.
Now it’s your turn! Don't delay. Evaluating your current value chain challenges and implementing a VCO solution today can help save your company time, money, and frustration.
Eager to learn more?
Value Chain Optimization strategies are helping mining companies across the world regain visibility and maximize profits with a transformative approach to production and supply chain optimization. To learn more information on VCO for Mining, read the Value Chain Optimization E-Book.
Rachel Carson is the Mining Industry Marketing Specialist focused on Industry Marketing at AVEVA. She is primarily responsible for expanding perception and awareness of AVEVA's Mining solutions and marketing their operational benefits to mining customers globally. Rachel has been with the company for three years, including an internship year with AVEVA, after graduating from Liberty University in 2018. She holds a B.S. in Strategic Communication: PR & Advertising.