Authors :
Praveen K Harkawat
Volume/Issue :
Volume 7 - 2022, Issue 12 - December
Google Scholar :
https://bit.ly/3IIfn9N
Scribd :
https://bit.ly/3hKliUi
DOI :
https://doi.org/10.5281/zenodo.7467453
Abstract :
Mining industry forms the backbone of a
nation’s economy. It contributes significantly towards
growth of a nation. With continuous increase in demand
for mineral resources, the mining industry is expected to
witness a decent growth in the coming years. This growth
will bring many more challenges for the industry. In an
industry where safety, efficiency and productivity are
crucial to profitability, even small incremental changes in
key parameters (KPIs) using new system / process &
framework can make a big impact. Lean is one of the most
important process improvement initiatives taken up by
many mining organizations. Many of the initiatives have
failed because of multiple reason. One of the principle
causes of failure for many process improvement initiative
is the inability of the organizations to assess, evaluate and
present significant metrics or Key Performance Indicator
(KPIs). KPI-based frameworks play very important role
in monitoring & tracking of businesses and process
improvement initiatives. This paper evaluates the
importance of KPI-based measurement framework for
lean implementation in mining.
Keywords :
Lean, KPI, Metrics, Productivity, Safety.
Mining industry forms the backbone of a
nation’s economy. It contributes significantly towards
growth of a nation. With continuous increase in demand
for mineral resources, the mining industry is expected to
witness a decent growth in the coming years. This growth
will bring many more challenges for the industry. In an
industry where safety, efficiency and productivity are
crucial to profitability, even small incremental changes in
key parameters (KPIs) using new system / process &
framework can make a big impact. Lean is one of the most
important process improvement initiatives taken up by
many mining organizations. Many of the initiatives have
failed because of multiple reason. One of the principle
causes of failure for many process improvement initiative
is the inability of the organizations to assess, evaluate and
present significant metrics or Key Performance Indicator
(KPIs). KPI-based frameworks play very important role
in monitoring & tracking of businesses and process
improvement initiatives. This paper evaluates the
importance of KPI-based measurement framework for
lean implementation in mining.
Keywords :
Lean, KPI, Metrics, Productivity, Safety.
