Alexander Proudfoot helps companies better execute their plans and strategies to deliver substantial improvements in performance and profitability. More about Alexander Proudfoot
Mining executives walk the tightrope; they contend continually with a considerable degree of uncertainty and risk and yet need to remain forward-looking to secure future operational and financial success.Our team of mining experts understands the complex challenges that executives face daily. With our team's support and expertise, our clients are not only able to operate and compete more effectively in the present, but more importantly, we ensure firm foundations are established for the future. We help our clients operate faster and smarter while cementing an operational culture that embodies continuous improvement and evolution.
We help our clients by developing and implementing customized change programs that transform operational performance in the core business areas and embed continuous improvement into the culture of the mining organization-and with a sense of urgency that guarantees results within weeks.
Objective: Facing a five-year decline in long-term value of iron ore, a leading producer of high-grade iron ore products cut its budget by 6% to maintain cost effectiveness. However, only a few months later, the cost reduction project was at risk. Planning and measurement problems only compounded the issue by projecting a production shortfall of more than 5%.Approach: Alexander Proudfoot and the client began by setting up a standardized format for identifying projected savings and then helped establish a centralized project management office to provide coordination and accountability for achieving desired outcomes. The team also re-trained client staff to ensure consistency in measuring and reporting results. Results: Alexander Proudfoot not only restored the company's initial-year cost reduction program, but also laid the foundation for a second and third year ongoing effort to address worldwide pricing and cost containment issues. The client achieved a reliable and highly effective process for identifying potential cost savings. The system provided clarity, responsibility and accountability for the cost reduction project.