There has been a lot of turbulence in the global mining market over the last few years. Decreased activity in China, escalating costs and government regulations are just a few of the obstacles impeding profitability.1 Many companies are implementing a quick (but not sustainable) solution to help cut costs: delaying maintenance and repair activities.2
Construction hasn't been nearly as turbulent, however economic uncertainty is still causing hesitation. This is demonstrated by the fact that although construction spending is on the rise, many are still choosing to rent equipment rather than purchase.3 These trends can have a negative effect on aftermarket earnings if parts manufacturers cannot respond appropriately. Improving efficiency, productivity and innovation is key to prosperity during these bumpy times.
Syncron has developed the world's leading supply chain management solutions designed to do just that. Our Global Price Management and Global Inventory Management products are built to enhance and promote your global strategy. These solutions enable the collection of critical data needed to make informed decisions, automate process and streamline time-to-market. They optimize pricing and inventory (respectively) to help increase profit margins. And, they provide valuable reporting tools to help you keep abreast of fluctuations in the market so you can develop innovative solutions to meet the ever-changing needs of your customers.
Your customers are getting more conscious in terms of product quality and service levels, it is critical for companies in the Mining and Construction Equipment industry to reduce time to delivery, enhance customer services and to ensure product quality. This can be a difficult task, especially when manual processes are used. If handled well, customer loyalty as well as repurchase frequency will increase and significantly contribute to long-term profitability.
A selection of our customers:
- Atlas Copco
- Hitachi (HCM)
- Volvo CE
1Tracking the Trends 2014 - The Top 10 Issues Mining Companies Will Face In the Coming Year: Deloitte Global Services. deloitte.com
2"Mining Sector Trends Pointing Towards A Recovery Are Good News For Caterpillar." Forbes.com. 13 Feb. 2014.
32014 Construction Industry Forecast. Wells Fargo Equipment Finance. wellsfargo.com/construction
- Product Brochure: Designed for Gloal Mining & Construction Equipment Leaders