Friday, 22 March 2019
Case Study: TXM Cuts Inventory and Costs for Mining Equipment Overhaul

Case Study: TXM Cuts Inventory and Costs for Mining Equipment Overhaul

The Challenge

TXM were engaged by a client with a long established precision engineering company in the maintenance repair and overhaul (MRO) of key components used in long wall coal mining. The company was well established and had been owned by two generations of the same family for over 60 years. TXM was engaged by a major US Private Equity company to review the operation prior to acquisition of the business. This review revealed significant opportunity to improve productivity and quality and to reduce lead time and inventory. It was also clear that many of the problems were rooted deeply in the culture of the business, providing an additional challenge.

Following acquisition of the business, TXM was engaged by the new owners to acheive a rapid turnaround in operational performance.

The Solution

Working closely with new Operational leadership appointed by the new owners, TXM mapped the key overhaul work flows using the Manufacturing Agility Process to identify the root causes of high inventory and low productivity. TXM used the Facility Layout Development Process to design efficient work cells for key processes. Effective controls were placed on the manufacture of work in progress component inventory, to avoid over-production.

To address the culture, TXM introduced Practical 5S across the site. This drove improved safety, employee engagement and provided a platform for standardised work. We also engaged front line leaders in measuring operational performance and driving continuous improvement through the Lean Daily Leadership Process. Finally quality issues were addressed through developing a culture of daily problem solving and root cause analysis.

The Results

In less that 12 months operational performance was transformed.

  • Inventory was reduced by 35% due to reducing work in progress.
  • Lead time was reduced by 40% enabling improved responsiveness to customers.
  • Productivity was increased by over 15% improving competitiveness.
  • Right first time was improved by 21% and the quality culture transformed.

This case study was originally posted on TXM's website.

814
«March 2019»
MonTueWedThuFriSatSun
25262728
28/02/2019 4:00 PM - 6:00 PM
6183

Contractors Panel Smart Mining Networking Event

Location: Rydges World Square, 389 Pitt St, Sydney NSW 2000

Read more
123
45678910
111213
13/03/2019 12:00 PM - 2:00 PM
6205

Ian Hedley Champion of Innovation CEO Leadership Lunch

Location: Quality Hotel NOAH'S On The Beach, Zaara Street, Newcastle NSW, Australia

Read more
14
14/03/2019 12:00 PM - 2:00 PM
6118

BlackEarth Minerals CEO Leadership Lunch

Location: Deloitte Perth Brookfield Place, Tower 2 123 St Georges Terrace Perth, WA 6000

Read more
151617
181920
20/03/2019 9:00 AM - 21/03/2019 5:00 PM
6128

GMG Secure and Integrated Energy and Mining Systems Forum

Location: Adelaide Convention Centre, Panorama Rooms, North Terrace, Adelaide SA, Australia

Read more
21
20/03/2019 9:00 AM - 21/03/2019 5:00 PM
6128

GMG Secure and Integrated Energy and Mining Systems Forum

Location: Adelaide Convention Centre, Panorama Rooms, North Terrace, Adelaide SA, Australia

Read more
222324
25262728293031
12
2/04/2019 4:00 PM - 6:00 PM
6234

Anglo American Smart Mining Networking Event

Location: Hotel Grand Chancellor Brisbane, Leichhardt Street, Brisbane City QLD, Australia

Read more
3
3/04/2019 5:00 PM - 6:00 PM
6027

Austmine New Member Welcome - BRISBANE

Location: Little Big House 18 Southpoint, 271 Grey St, South Brisbane QLD 4101

Read more
4567

Filter Events

Filter:

Filter by Categories


Reset Filter

GET SOCIAL

SUBSCRIBE to our newsletter

Loading

Austmine

 

OZ METS Hub

WonderWebs.comTerms|Privacy|Copyright © 2019 Austmine | Mining Equipment, Technology and Services (METS) Sector
Back To Top