Lead Time Reduction

Complex and remote operations, fragmented supply chains, uncertain demand forecasting, and inventory management complexities can all contribute to longer lead times for mining companies. As such, accurate inventory forecasting, strategic planning, and high supply chain visibility are all crucial to quickly detect and manage delays.

While the mining supply chain has many variables that remain unpredictable, such as fluctuating demands for commodities, companies now have the means to hedge against these risks. By optimizing supply chain processes, building strong relationships with suppliers, and managing inventory health, mine operators can ensure their resilience to external factors and ensure lead times are minimized.

Key Client Challenges:

1. How do we improve the accuracy of our inventory forecasting and projections to prevent delays as a result of inaccurate estimations?
2. How do we quickly detect and manage potential bottlenecks through supply chain mapping or process re-engineering?
3. How do we enhance communication and supply chain visibility for better tracking and faster detection of delays?
4. How can we effectively develop and maintain strong relationships with our suppliers for reduced lead times?
5. Is there room for process automation or digitization within our supply chain to minimize manual tasks and save time?

By asking these questions and implementing appropriate strategies and solutions at every stage of the supply chain, mining companies can effectively reduce lead time and manage bottlenecks before they create knock-on effects.