In the mining industry, business success relies on the effective management of its capital assets. These assets have to operate at optimal capacity, but as with anything, there are risks of machine failure and breakage.
Managing, monitoring and maintaining assets needs to be a priority within the mining industry in order to successfully predict machinery and equipment breakdowns as well as to plan ahead for any shortages, to manage the safety of workers and to get an overview of the costs involved, minimising it.
Advancements in technology ensure that the mining sector can also move to digital systems, allowing for sustainability and enhanced performances, assisting to eliminate errors which can have huge consequences in a capital-intensive industry such as mining.
If your business cannot safely calculate downtime or maintenance cycles, an enterprise asset maintenance (EAM) system can assist you with that and help to improve margins, save on costs incurred with your critical assets.
Microsoft Dynamics Ax Production Accounting Module 2 (PAM 2) is the second module within our Production Accounting Module software suite included in the xMMP (exploration, Mining and Metals Processing) platform. PAM 2 is used in processing plants and tracks the location and value of the commodity, essentially improving the visibility and control of the revenue generated from the plants’ output.
EAM has evolved over the last few years to represent a critical component of the enterprise resource planning (ERP) system, incorporating technology-driven innovations and improved connectivity at its core.
The new generation of EAM technology has a direct and positive impact on labour productivity and asset performance, while at the same time contributing to a reduction in inventory levels, purchasing process costs and material costs.
Overall, incorporating smart asset maintenance into your enterprise resource planning is essential in optimising asset performance, predicting and preventing a crisis, and managing your best assets proactively – in short, ensure that your mining assets bring value to the daily operations and boost production at all times throughout the total life of mine.
Decision Inc. Immix’s software provides extensive exploration, Mining, and Mineral Process (xMMP) solutions for key mining requirements, including functionality required for nearly all of the Total Life of Mine (LOM) requirements.
Microsoft Dynamics serves as the platform for the xMMP product suite and is a world-class global Enterprise Resource Planning (ERP) solution used by over 20 000 businesses across the globe.
Contact Decision Inc. Immix and speak to one of our experienced Microsoft Dynamics ERP consultants if you would like to see how an ERP system can help your business, and learn more about EAM, its key functionalities, and key benefits.