Portsmouth, NH August 18, 2019 – Enventure has signed a contract to help a large Iron ore mining company, with its Asset BOM building, Defining Asset Criticality, BOM and Spare Parts Master data management. The project is to transform the client’s manufacturing, supply chain, and plant operations to enhance asset availability and plant uptime.
The client is a mining major in North America known for producing high-quality iron concentrate while minimizing the environmental footprint. The client has over 25 years of anticipated mine life, with over 500 million tonnes produced to date.
The major challenges for the client are:
The objective of the contract is to improve Asset Availability, Asset Performance, and Optimize the MRO spare parts inventory. The scope of work for Enventure includes:
“Our comprehensive asset lifecycle management services will help the client in their Asset Management initiative and reshape the effective utilization of available plant resources. The data-driven, performance-centric approach is what we believe will benefit the client in boosting asset availability while reducing inventory and improve profitability in the long run. Our services not just help to improve the OEE, it also helps to optimize the lifetime cost of its assets and build an effective spares inventory management strategy,” says CK Bharathan, VP – Operations Asset Management Services, Enventure Engineering.
Enventure Engineering (enventure.com) is a privately-held, ISO 9001:2015 & ISO 27001:2013 certified Engineering and Supply Chain Solutions company, with full-fledged delivery centers in India. Enventure has been serving clients in North America and Europe since 1997 and is today a preferred supplier of engineering and master data management services to Fortune 500 companies, across different industry verticals such as Hi-tech Electronics, Oil & Gas, Water Treatment, Automotive and Industrial Manufacturing. Enventure provides a wide variety of services to Clients, in areas such as Plant Design Engineering, Building Engineering, Master Data Management, MRO Data Services, Component Engineering, Environmental Compliance Support and Product Design.