Asset Management

Challenges

High levels of productivity are vital to profitability. With mining being so asset-intensive, productivity is very much influenced by the way mine equipment and assets are managed. According to Deloitte in 2013*, every 1% increase in equipment productivity can improve company profits by as much as 3.5%.

  • Despite the availability of leading software that supports good asset management and cost reduction, many mines have been slow to deploy it.
  • Operations, maintenance and engineering managers don't have access to repair histories, maintenance schedules, equipment condition and asset locations that could improve asset management and use.
  • Without comprehensive asset management software it's not possible to report on KPIs like Mean Time Between Failures (MTBF) and Mean Time To Repair (MTTR). This makes it harder to manage equipment and make accurate decisions on future acquisitions.
*Tracking the Trends, 2013. Deloitte®

Solution

Oracle's Asset Management solution assembles and analyses the information managers need to make financial and operational decisions that optimise asset performance at every stage - from deployment through operations, maintenance and retirement.

  • Put asset management practices in place that help improve equipment reliability, reduce operating costs, increase asset use, enhance cash flow, cut spare parts inventory and reduce capital expenditures.
  • Mobile and fixed assets are supported so haul trucks, drill rigs and boggers can be maintained and managed alongside crushers, conveyor systems, smelters and processing plants.
  • Make fast, informed decisions to improve asset productivity and accurately time new equipment purchases with a complete view of assets, their book value, depreciation and other cost streams, and usage rates.
  • Schedule maintenance around production needs for minimal disruption to mining and mineral processing operations.
  • Schedule parts replacement and overhauls before equipment failure causes downtime and stoppages.
  • Keep assets running at peak levels, reducing the potential for failure with dashboards that proactively monitor the health of assets, as well as providing insights into maintenance history, cost analysis and maintenance work orders.
  • Creating preventative maintenance schedules based on thresholds you define for usage, such as meter readings, hours used, kilometres driven, fuel used, specific dates or time intervals.
  • Monitor key pieces of equipment for changes in performance or condition that may indicate potential problems and automatically generate a maintenance action that alerts technicians to the issue.
  • Simplify long-term capital investment planning by identifying machines and parts that must be upgraded or replaced.

Benefits

Improve the ROI and productivity of your assets

  • LONGER ASSET LIFE AND IMPROVED ROI
  • HIGHER EQUIPMENT AVAILABILITY
  • LOWER MAINTENANCE COSTS