Management Controls Releases State of Contractor Management in Mining, Magnifying Need for Industry Digital Transformation
Summary
Originally hoping for 50 respondents to chime in, MCi far exceeded its goal with top executives from 140 mining companies sharing firsthand insights. More than just identifying pain points, we want to dig deeper into the differences between perceived challenges in the industry and solutions at hand,” explained Mr. Ken Naughton, President of Management Controls Inc. A glaring majority of the survey participants acknowledged their use of manual spreadsheets to track vital information such as productivity, timelines, and budgets. Now more than ever, mining companies need a way to facilitate better communication between owners and contractors, a means of optimizing manual processes, and transparency when it comes to allocation of resources and expenses,” he continued. Mining companies already utilizing TRACK® achieved up to 10-15% in annual savings while tightening controls over labor, equipment, and materials spending across the board.
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