Financial Perspective of Plant Shutdowns

Financial Perspective of Shutdowns

Miners are well aware of the importance of meeting annual forecasts and the impact on organisational value to its owners. Backlog maintenance and shutdown overruns are not uncommon problems for asset management teams. Building buffer stocks provides some protection against unplanned and planned downtime as the primary risk mitigation. While the supply chain constraint remains within the organisation’s processes, increasing plant availability becomes crucial to moving the constraint externally to customer demand where the journey continues.

No one likes surprises

As shutdown management practices evolve, organisations can leverage mobile-enabled digital platforms which encourage standardisation, interface with existing organisation systems and provide the level of visibility at the earliest possible timing of problems and opportunities to close gaps.

SMSi is a digital platform that provides the necessary transformation to both end-to-end shutdown process and how data is efficiently captured and effectively used. The cloud-based software has been designed by shutdown professionals extensively involved in managing and importantly improving shutdown performance.

The decision support tool gives shutdown managers the earliest visibility of how well the teams are tracking to be prepared for the shut as well as any delay triggering events as they are first identified by the shutdown teams on the ground.

Please get in touch with us at enquiry@imms-wa.com.au if you’re interested in learning more and receiving our case study.