Challenges Of Outsourcing In The Mining Company

There are several challenges bedeviling outsourcing certain functions to third parties. For example, outsourcing leads to loss of control over the operation of the organization. ... 2008). Moreover, by outsourcing, companies can concentrate on their core business functions which may lead to increased productivity. 2.3 Logistics

The results indicate that there are three main challenges of outsourcing mining activities in Zimbabwe namely; Human resources challenges; Commercial challenges and financial risk and costs challenges. ... This study concluded that there are outsourcing of activities by mining companies, perceived outsourcing benefits and challenges faced by ...

However, maximising the potential value of collected data in the mining industry remains a challenge. Therefore, this paper aims to review timely concern topics to facilitate the fusion ...

By Pierre Bekker, Director at Quyn International Recruitment & Staffing Solutions The construction, mining and petrochemical industries are among the most heavily regulated industries today. Updates to regulations are frequent, which pose significant challenges in the management of payroll for temporary workers. As such, companies are increasingly turning to …

Products that are mainly source globally by mining companies in Ghana. Science Journal of Business and Management 2021; 9(4): 269-280 271 Aside products, these foreign sources also give training

The results indicate that there are three main challenges of outsourcing mining activities in Zimbabwe namely; Human resources challenges; Commercial challenges and financial risk …

Then identify how outsourced functions are managed between the parties as well as examining the issues and challenges of outsourcing functions and then evaluate how outsourcing helps to reduce cost and achieve value in the …

Communication is Key: Navigating the Challenges of Outsourcing to Mexico from the US. The idea of outsourcing from the US is nothing new. Whether it's car manufacturing in China or tech in India, the US is no stranger to collaborating …

Definition of Logistics Outsourcing. Logistics outsourcing, also known as third-party logistics (), refers to the practice of delegating certain aspects of supply chain management and logistics operations to external service providers.These providers specialize in handling transportation, warehousing, inventory management, and other logistical functions on behalf of …

South Africa's mining and renewable energy sectors face significant challenges recruiting and retaining staff for remote projects. Shortages of skilled, semi-skilled, and unskilled workers, particularly in isolated areas, hinder project progress and drive-up costs. Many skilled professionals prefer urban areas, leading to labour gaps in remote projects. To address these …

In the digital age, companies in the energy and materials industries must balance the classic advantages of outsourcing a segment of the value chain with the new realities of shutting down their strategic options if a supplier becomes too powerful.

Mining and metals companies today must contend with various geopolitical risks, supply chain risks, and target-market risks, but many do so from a strong financial position. For their companies to thrive in this decade, mining …

This fast-growing market has pressured multinational mining companies operating in the Democratic Republic of Congo, the world's largest supplier of cobalt, to formalize artisanal

Keywords: Strategic Management, logistics outsourcing, challenges, Oil and Gas Companies, effective communication 1.1 Introduction ... (2005) suggested that outsourcing companies should streamline operations and fix the problems before outsourcing the process. They should not transfer key employees to the vendor.

One way to overcome these outsourcing challenges is to create a training program for your new partner. This can help to share your company culture with them and the outsourcing company will be able to share this with their in-house teams. Using customer service as an example, it's not uncommon for this to be outsourced abroad.

Theoretically, the main driver behind a mining operations' sourcing decision should differ from company to company, and within a company from project to project, but in reality it often relates to ...

This mining company, with history dating back more than 185 years, finds, extracts and processes copper, gold and molybdenum. They are focused on their people, promoting an inclusive work environment and encouraging employees to share ideas that drive innovation. The Challenge The company had administered their pension plan internally

Safe and secure access to mining areas represents a challenge for creuseurs, with many sites guarded by police, private security companies or the Forces Alliances Republique Democratic Congo (FARDC). Extortion is also common, and creuseurs are often forced to pay a premium to access sites despite having the appropriate permits.

Outsourcing has become a popular strategy for businesses of all sizes. It allows you to access specialized skills, reduce costs, and free up internal resources to focus on core competencies. But like any business decision, outsourcing comes with its own set of challenges.According to a Clutch survey in 2019, 37% of businesses outsourced at least one …

Mgt Vol. 4, No. 4, December 2015 Table 3: Issues and Challenges in the Outsourcing Functions Criteria N Minimum maximum Mean Std. Deviation Risk of the client's cultural impact on the values of Goldfields Ghana Limited-Tarkwa 33 1 5 3.21 .905 Risk of access to private and sensitive data 33 1 4 3.24 .834 Risk of losing critical skills of ...

2. To what extent are ZMDC gold mining companies facing viability challenges relative to the world's top ten gold mining companies? 3. Is there any significant relationship between productivity ...

formed Mining Companies, established after nearly a decade of difficult and protracted negotiations on such matters as, cash at close; retained percentage interest by ZCCM; equity investment; future investment commitment and tax concessions, were faced with great internal challenges and a harsh external environment. There was a convergence of

3. Unrealistic Expectations . A company's expectations of an outsourcing company may be exaggerated. They may believe that the vendor will handle everything and that they will have nothing to do.

This research examined the effects of outsourcing on the performance of mining companies in Zambia, with the case study being Konkola Copper Mines plc.

This research investigated the extent, benefits and challenges of Global Sourcing in the Ghana Mining industry. The study looked at the level of outsourcing outside the country, the products that are sourced globally, factors that contribute to the decision to source globally, challenges of global sourcing and above all the benefits that these companies derive from …

Outsourcing is nothing new to big companies in the energy and materials industries. Many have relinquished control of lower-value functions, such as payroll, or even slivers of the value chain that are more central to their business. Mining companies lease trucks and rail freight, for example, and most oil companies outsource drilling.

most important part of a company. 2.3 Application of Outsourcing in Mining Industry In mining and mineral business the world wide usage and importance of outsourcing has grown dramatically over the last decades. According to a survey conducted by [38], the mining companies worldwide will increase their procurement spending at least 15%

Safe and secure access to mining areas represents a challenge for creuseurs, with many sites guarded by police, private security companies or the Forces Alliances Republique Democratic Congo (FARDC). Extortion is also common, and creuseurs are often forced to pay a premium to access sites despite having the appropriate permits.

The logistics challenges in the mining industry are unique and complex, and the way in which mining companies deal with these challenges could help cut costs, or erode their profits. With an end ...

this regard in the Namibian mining industry context. Hence the need for further empirical studies to mitigate this literature gap. 2. Literature Review 2.1. Outsourcing Scholars have defined outsourcing in many different ways. Earlier on, Lonsdale and Cox (2000, p.445) had defined outsourcing as "the process of transferring an existing