Over the past 10 years growth and consolidation has been the focus in the resource business – fueled by robust commodity prices.
As the logic follows – those with the most assets would realize the greatest share of the gains in a growth market.
However, in recent years commodity prices have seen a market correction, this, combined with increases in operating costs are putting the continued profitability of sector participants under pressure.
The focus is no longer on growth but rather productivity – productive assets and the productive use of finite working capital.
Given the scope and scale of operations the cost of downtime can be measured in the millions per hour – ensuring assets remain reliable and that maintenance schedules are followed is key.
Meanwhile, parts inventories that are growing exponentially do not necessarily guarantee availability but certainly creates increased pressure on cashflow.
Our client base in this sector is extensive and the challenge universal – How do we ensure our assets remain productive while minimizing our cash commitments?
By leveraging our technology-enabled inventory management solutions, our clients are able to prioritize their inventory investment to balance these two often competing objectives.
Contact us to find out how we may be able to help you achieve your productivity objectives.