Schneider Electric has introduced a new integrated planning and optimisation solution (IPOS) that allows mining companies to manage their entire mining operations and enhance business.
The ISPO is built on Schneider Electric's StruxureWare for mining, minerals and metals (MMM) software and uses its consulting, partner and complementary component services.
StruxureWare for MMM is a scalable platform that provides solutions for energy management and asset performance, and can be easily integrated with new functionalities.
The application will help mining firms in planning, scheduling, identifying risks and deviations, tracking inefficiency and passing the information to the desired destination; the IPOS is claimed to boost mining productivity by up to 20%.
Additionally, it enables mining companies to collect, integrate and analyse production data at an early stage to produce a clear picture of operations and spot challenges that may arise in future.
The IPOS is not only applicable to mines and processing plants, but every aspect of the mining supply chain, including stockpiles, transport routes and port movements.
Schneider Electric mining, minerals and metals solution president Diego Areces said ISPO helps mining executives identify what-if scenarios and run simulations against this data.
"This solution is a game-changer for leaders in the mining industry by allowing executives to gain intelligence around business scenarios prior to committing to capital investments," Areces said.
Iron Ore Company technology integration director Diane Courtemanche said its supply chain operational data needed an overhaul and in order to measure it properly, they needed to improve it.
"Since implementing the integrated planning and optimisation solution from Schneider Electric, we have greatly improved our use of data and can now measure and make business decisions using trusted and validated information. This change has contributed positively towards an improvement in performance for our company," Courtemanche said.