Mining product supply chains is challenging – there are many aspect to be managed involving mine sources, ROM stockpile, port stockpile, processes, mine equipment, hauling equipment, and other additional transportation (train, barge, etc.).
MIT is developing Optimation system with the following characteristics:
- Designed to support management of Mining Product Supply Chain Operation.
- To maximize company profit by maximizing revenue and minimizing the cost. Minimum cost is achieved by preventing demurrage, penalty, choosing route with minimum transport cost and other operation cost.
Optimation system works by creating a supply chain model and providing any necessary information in each supply chain nodes. Information can be entered directly into the system or by interfacing it with any existing Legacy system.