GOLDCORP

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— Rishi Ghuldu , Vice President of Supply Chain & Asset Management

“ Prior to this transformation , we had some targets within the Supply Chain function that were generally fairly low ; without a lot of questioning around the targets or accountability for realisation of those targets . Supply Chain was not an integral part of the overall planning process . Because of this transformation , our performance numbers are now significant enough that Supply Chain is an important part of the operations budget .” Because of this critical focus from the board , the auditors and the market , we have to deliver on our plans . The transformation is really helping our business become more competitive and sustainable , while lowering costs .”

A case in point is a 40 % improvement in the time it takes for a purchase requisition to be converted into an issued purchase order . According to Ghuldu , that has been achieved by standardising processes and rolling out successful initiatives from one site across all of its mines . It is a more consistent , higher level of service , leading to improved

— Fernando Carrascal , Director , Global Procurement

confidence from clients , he says .

Working through cross functional teams on the sourcing front , Goldcorp has been able to achieve significant savings through competitive bids that have resulted in locked-in savings that are in the tens of millions of dollars . The company has also been able to provide growth opportunities for its professionals , says Ghuldu : “ We are

OCTOBER 2018