At a glance
- COSOL partners with Hastings Deering to deliver master data services for Caterpillar equipment across APAC.
- Improves asset and supply chain efficiency through validated part data, demand forecasting, and reduced downtime.
- Applies across ERP/CMMS platforms, including SAP and Oracle, streamlining planning and inventory management.
- Significant cost savings and safety gains projected for mine sites in QLD, NT, PNG, and New Caledonia.
A landmark partnership between industry leaders, Hastings Deering and COSOL is set to deliver significant productivity and efficiency gains to mine sites in Queensland, the Northern Territory, Papua New Guinea and New Caledonia.
The partnership will see COSOL deliver the patented master data service for all new and in-service Caterpillar equipment distributed by Hastings Deering and supply master data packages for SAP, Oracle, and other major CMMS and ERP systems.
The deal has the potential to drive significant gains in efficiency and productivity on mine sites, as well as making machinery and maintenance safer to carry out.
How will mines sites benefit?
The core benefit delivered by this partnership for mine sites is the high-level of master data accuracy obtained by having COSOL’s industry-leading software working directly with Hastings Deering’s source data.
The partnership will bring next level asset management to mine sites through:
Greater Planning Efficiency
- Accurate materials and parts lists
- OEM validated part numbers and supersession
- Apply demand forecasting
- Order parts directly
- Reduce direct purchasing costs
Better Supply Chain Efficiency
- Deliver the right part requirements at the right time
- Reduce machine downtime
- Track parts usage in your ERP
- Improved equipment availability
Lower Operating Costs
- Correct parts delivered prior to task execution
- Reduced inventory
- Reduced emergency freight cost
- Improved budgeting
Why COSOL and Hastings Deering?
The partnership not only represents a wind or users of heavy machinery, it is also a natural fit for two companies who are established at the lead edge of their field.
The company has a mission to help customers maximise their fleet performance and optimise costs, which according to Darrin Lingard, Services Marketing and Solutions Manager at Hastings Deering, is made that much simpler by partnering with COSOL.
“Working closely with customers and helping them realise greater efficiency, safety and reliability has long been a driving force for us,” Lingard said.
“The partnership with COSOL really takes this ethos to the next level with their master data package being available to all new and existing customers.
COSOL brings together industry-leading experience and expertise in asset management, delivered through the COSOL’s master data service which builds and maintains work instructions, bill of materials (BOMs) and master data for mining assets.
COSOL’s team member comments that a recent analysis conducted by the company revealed a typical mine site could expect to save between $380k to $2.4M per year through effective use of master data.
“Working directly with Hastings Deering the accuracy of our data will be second to none, enabling maintenance and repairs to be forecast ahead of time and downtime and hazards reduced substantially.”
”Hastings Deering supply heavy machinery to the bulk of the industry, which means this partnership provides so many mine sites with the opportunity to drastically improve productivity, safety, and cost efficiencies.”
