World's Largest Copper Producer Codelco Completes Enterprise-Wide Implementation of Oniqua's MRO Optimization Solution

DENVER, June 17, 2013 /PRNewswire/ -- Oniqua MRO Analytics (www.oniqua.com), the leading provider of analytics-based MRO optimization solutions for asset-intensive industries, today announced that Chilean copper producer Corporacion Nacional del Cobre de Chile (Codelco) – the largest copper producer in the world – has completed its enterprise-wide implementation of Oniqua Analytics Solution (OAS).

"Oniqua has provided us with a solution set that meets Codelco's unique business needs for optimizing our MRO inventory across all our operations," said Fernando Marchant, Group Manager of Supply, Codelco. "OAS continuously identifies opportunities for improvement in our inventory policies, and thanks to the flexibility of OAS and the dedication and professionalism of the project team, we will be able to overcome the complex challenges of optimizing inventory management across all Codelco divisions, and facilitate OAS adoption among our users as part of their daily activities."

The implementation project included training for Codelco users on inventory optimization best practices as well as OAS functionality. With its eight divisions united in the enterprise-wide optimization initiative, Codelco expects OAS to drive service level improvements, cost reductions and quality of inventory management.

"Oniqua faced a fairly complex IT environment at Codelco, and needed to meet a variety of important technical requirements such as integrating OAS with our SAP instance," stated Marco Orellana, CIO/CSO, Codelco. "Good collaboration between Codelco's materials management team and Oniqua's implementation professionals helped ensure an effective rollout of OAS, on time and on budget, across the organization's eight operating divisions."

Headquartered in Santiago, Chile, Codelco is the largest copper producer in the world, controlling approximately nine percent of the world's copper reserves. An autonomous company owned by the Chilean State, Codelco conducts its operations through its mining divisions in Chile.

"Codelco is now optimizing more than 350,000 SKUs with OAS, and will use OAS to improve cost management, control inventory growth levels and enhance critical material availability across operations," said Lindsay Clarke, President of the Americas, Oniqua. "It's been important to Codelco throughout the process that Oniqua has the capacity to provide local resources and support through our Santiago office, which also supports other Oniqua customers in the region including BHP Billiton, Vale, Xstrata Copper, Freeport McMoRan, Newmont Mining Company and Drummond Company."

About Oniqua MRO Analytics
With operations in the Americas, Africa and Asia-Pacific regions, Oniqua is the world's leading provider of analytics software solutions that help asset-intensive organizations optimize their inbound supply chain and maintenance activities. Oniqua Analytics Solution applies advanced analytics to customer data to identify inefficiencies and ensure their inventory, procurement and maintenance operations run as efficiently as possible. Oniqua is proud to serve the world's leading asset-intensive companies, including Vale, Codelco, Rio Tinto, Anglo Coal, BHP Billiton, Newmont Mining, Alcoa, Xstrata, Drummond Company, Freeport McMoRan, ConocoPhillips, BP, Tennessee Valley Authority, Nebraska Public Power District and many others. www.oniqua.com

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SOURCE Oniqua MRO Analytics