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TQM and TCM in Mining Operations

                                                       TQM and TCM in Mining Operations               ( TQM = Total Quality Management                TCM = Total Cost Management                MVA = Material Variance Analysis                CVA = Cost Variance Analysis ) This series is aimed at beginners in the profession of mining engineering and excavation. Senior practicing mining professionals may find it stale but may please add on to the discussions for the benefits of all. The purpose of mining, like any other business, is to earn a profit. So lower the excavation cost, higher is the profit. Different major activities like, Mine Planning and Design , Geology, Survey, , Legal, HR, Procurement, Technical Services, Drilling and Blasting, Production, Maintenance, Explosives, Fleet Management System, Environmental Management, IT,  Material Handling, Waste Rock Dump, Process and Mine water Management, Safety and Risk Management, Incident Reporting network and syn

Investment in R&D

Investment in R&D  and its Impact: Special Reference to Explosives for Rock Blasting : Dr. Manoj Kumar Patel : The purpose of a business is to earn a profit. Thus, investment for profit is a general concept.    Investments for doing business are made for purchases of land and plant machinery, construction of buildings and storehouses, the establishment of logistics, procurement of input materials, and recruitment of manpower. When all these things are put together, business starts happening and profits accrue. With all these things in place, the business now should run like a perpetual machine. But that does not happen. Huge successful business organizations like Ford Motors, Xerox, Sears, Roebuck and Company, Pan American World Airways (Pan Am), Trans World Airlines (TWA), Eastman Kodak Co., more commonly referred to as Kodak ( KODK ), Pontiac of General Motors Co. ( GM ), Jordache, Compaq, US Airways, Enron, Woolworth's, Standard Oil vanished from the market and