With the mining industry facing more challenging conditions, companies are looking very closely at their operations and working out how they can improve them to boost productivity.

Whereas the early stages of the mining boom saw companies develop projects at almost any cost -- with spectacular growth in the businesses of Engineering, Procurement and Construction (EPC) firms -- now companies are looking to reduce costs through longer-term supply arrangements, new commercial arrangements with increased transparency and use of more specialist contractors.

As a supplier of ERP software to the mining industry, IFS is constantly talking with both owner/operators and EPC firms about how technology can support better productivity by improving asset, workforce and/or capital utilisation and minimising business risks.

Learning from the mistakes that some companies have made in the recent past, IFS has identified five key ways in which technology can help companies survive and prosper

Source: Australian Mining - See full article