Gold Medal Performance

Hart, William Mark
Organization: Society for Mining, Metallurgy & Exploration
Pages: 5
Publication Date: Jan 1, 2001
Newmont Mining's executive management launched an initiative in 1999 that was designed to engage the entire workforce in a continuous effort to systematically drive inefficiency out of the corporation. Built on a foundation of teams and teamwork, Gold Medal Performance (GMP) has had a significant and positive impact on the reduction of costs. At the same time, it has increased productivity, improved cash flow, and helped Newmont to further enhance health and safety programs. Currently, more than a hundred teams are working on improving line-balancing production and external communications at all levels of the corporation. The training and rigorous set of tools avail- able to and used by these teams were designed to help them improve communications, identify inefficiencies and their financial impact, develop and implement solutions, and finally, to measure the results of the process enhancement. GMP harnesses the energy, creativity, and productivity of the entire workforce.
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