Service N Xchange
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Date of Foundation
2022

Service N Xchange

Optimising industrial operations innovatively.

The Idea origin story

Our startup, Service N Xchange, integrates physical operations with digital systems to optimize industrial processes. Utilizing data science, machine learning, and industry expertise, we provide tailored, impactful advice to lower operational costs. Our unique approach empowers businesses to make informed decisions, improving reliability and driving constant process optimization.

The Mission

Our vision is to revolutionize mining operations focusing on sustainability and reliability. We aim to optimize performances using data and creating safer, efficient, and sustainable strategies.

Clients

Mining customers. BHP, Rio Tinto, FMG, Roy Hill, Northern Star, Newmont etc

Problems we solve

Client’s problem

Our product solves issues like capital stuck in inventory, wastage of parts, and low reliability. It helps increase shutdown effectiveness, hold adequate stock with shorter lead times, plan maintenance over reacting to breakdowns and provide expert advice on equipment care.

Confirmation of problem

Our solution is Service N Xchange (SNX) which provides modular component exchange and lifecycle management using data-driven optimisation.

Solution

We offer a state-of-the-art solution that enhances industrial efficiency by streamlining inventory management, waste reduction, and bolstering reliability. Our service promises effective shutdown procedures, optimal stock control with quick turnaround times, proactive maintenance planning over reactive troubleshooting and we extend

Our technologies

This solution is based on technologies

Our startup, Service N Xchange, fuses the physical and digital realms to streamline industrial processes. By leveraging data science, machine learning, and industry know-how, we deliver customized solutions to reduce operational expenses. Our innovative approach paves the way for businesses to make informed choices that enhance reliability and stimulate ongoing process refinement. We aspire to transform mining operations with a focus on sustainability and efficiency by using data-driven strategies to maintain safe yet productive performances. Our clientele includes esteemed mining firms like BHP, Rio

How it works

Value for the client

"We drive mining operations efficiency, streamline inventory management and enhance equipment upkeep, steering sustainable & reliable growth."

Market and strategy

Market size

600

mln/year

We estimate the market size for which our solution is designed in monetary terms as follows

Market share goal

30

% of the market

Is our goal in the next 3 years

Team

My name’s

Ryan Llowarch

My key role in the product

My key role is the Founder of SNX, and I'm responsible for driving innovation in mining through the use of advanced technology and data science.

Team size and key members

At present, I'm the only member of my team. However, I am keen to bring on board co-founders and specialists who have skills that complement mine.

Competitors

Competitors

Current competitors offer partial solutions. OEMs provide services and exchanges but limit customers to their parts. This bounds the efficiency and hikes up costs. Unlike them, we are integrating every aspect into one comprehensive service offering.

Our Advantages

Our startup is uniquely positioned by utilizing data science, integrating a comprehensive service and exchange system, specializing in crushing operations, and focusing on sustainability. Moreover, our agility and customer-first approach underpin our business model.

Business model

Traction

We've collaborated with BHP, the biggest mining firm globally, delivering 12 modules worth $214,800 and are presently revamping seven units. We've offered crusher consulting to Newmont Boddington Gold Mine for $80,000 and assisted B2Gold with new liners valued at $60,000.

Our startup has successfully secured contracts with key players in the mining industry, leading to an impressive revenue of $15 million. This symbolizes a notable progress and promising future for our company.

Metrics

Our startup has secured 1 contract sign, resulting in one active user. We pride our operation on a zero churn rate indicating optimum customer retention. The lifetime value of each client could potentially reach an impressive $300 million mark.

Our startup maintains a robust financial health with a gross margin standing at 35%, which underlines our effectiveness in controlling cost of sales. We also invariably generate an impressive recurring monthly revenue amounting to $37,500.

Incorporation

Our company incorporated in

Australia

Key risks

Gaining consumer confidence, developing strong agreements with suppliers, funding

Investments

$

300000

We raised investments

Our Investors

ryan llowarch 60%, Darryn 40%

Rising Investments

$

6000000

Currently, we are raising investments

$

2500000

Estimated pre-investment valuation of the company

We’re looking for a co-founders

Open positions

Article

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Additional information

Growth