HomeIndustries5 Key Benefits of ERP Software for Mining Companies

5 Key Benefits of ERP Software for Mining Companies

The accessing involves so many processes including resource allocation, transportation, and logistics management of equipment such as excavators, trucks, conveyor belts, and more. These complex processes require a system to simplify and even automate them so that everything runs efficiently and finishes faster. One system that can do all this is ERP (Enterprise Resource Planning) software. Below, we’ve summarized the five main benefits of ERP software for mining companies.

5 Key Benefits of ERP Software for Mining Companies

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1. Efficient Project Management & Resource Allocation

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In mining companies, project management and resource allocation are some of the most important aspects that determine the smoothness of the mining process. Sometimes, it’s hard to monitor so many projects.  The resources also scattered in various places are out of reach so various obstacles are difficult to predict.

With ERP software, every project progress can be tracked easily, managers can also find out which workers have not been distributed to the work sites yet, which workers are the most competent to work on task A and which are competent to work on task B, what delays occur, etc. Workers will also have unlimited access to their project status every time. ERP systems allow workers to focus more on carrying out their responsibilities and know what they should prioritize.

2. Improved Transport & Logistics Efficiency

The smooth operation of a mining project depends on transport and logistics as well so both must always work well. ERP software provides features that help ensure smooth transport and logistics such as driver management, route planning, cargo management, cargo capacity management, transport reservations, and many more.

ERP software also helps you keep track of your transport conditions, making it easier for you to schedule routine maintenance and record all transactions involving all your transportation.

3. Better Mining Asset Management

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Mining involves a variety of equipment that must be managed properly. . If any equipment is damaged, it can hinder the mining project. The asset management module in the ERP system helps automate the asset management of mining companies. This asset management can integrate all company assets including tools and documents into one system.

With an ERP system, asset maintenance can be scheduled automatically. Asset managers can even get a reminder when the maintenance schedule is approaching. They can also conduct inspections and record the results of inspections in a centralized database. 

4. Simplified Performance Evaluation & Payroll Management

Mining workers are scattered in various locations and this is why it is difficult to pay attention to their performance. Managing miners’ salaries is also not easy, because payroll may be based on hours or days, attendance, and may also depend on achievement. This requires good monitoring. therefore ERP software comes to make it easier for you to manage your business. With ERP management software, work operational activities will be more effective and efficient

With ERP software, managers can pay attention to the performance of each worker better and their performance can analyze easily through analytic reports. You can record the attendance and leave of workers properly. Monitoring and managing workers’ shift schedules will be easy. A salary calculation can be done automatically with HRM software so that you can avoid any human error.

5. Better Controlled Finances

One of the most important benefits of ERP software for mining companies is better to control of finances. The accounting module in the ERP system allows you to forecast your revenue and expenses with high accuracy. This system also helps you manage your budget more wisely by tracking every money flow. In essence, an ERP system helps reduce operating costs by minimizing unnecessary purchases, activities, and labor usage.

Conclusion

Those are the 5 benefits of using ERP software to manage your mining business. Managing the mining business manually certainly takes a long time. Large mining companies themselves are the reason why it takes a long time to manage them. This is what makes mining companies need HashMicro mining ERP software.

HashMicro provides the most complete mining ERP software for mining companies. The system can help you improve efficiency and productivity, save operational costs, and minimize risks. Let’s move for a better future for your company!

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