Developing and maintaining good relationships with our supplier community is essential to Newmont’s overall success. As a strategic objective, we follow a sourcing strategy that utilizes only the highest performing suppliers for any type of good or service acquired.

It is critical to align our internal requirements with the suppliers’ ability to meet Newmont’s global needs. Newmont is in business for the long term to create sustainable value and opportunity for our shareholders, employees, host communities and business partners. We want our suppliers and partners to be in business for the long term, and the way we do that is through mutual value creation. Through enhanced communication with our business partners we can identify ways to improve execution, uncover innovative approaches and create additional opportunities. Improved transparency strengthens our relationship with our business partners by helping you align your work with our Values.

 

At Newmont, engaging with our suppliers strengthens relationships, fosters integration and trust, and ultimately results in improved services and innovation.

At Newmont, engaging with our suppliers strengthens relationships, fosters integration and trust, and ultimately results in improved services and innovation. Our Supplier of the Year Award recognizes our suppliers and partners who demonstrate high levels of success in meeting these requirements. Additionally, increasing efficiency through accurate and complete internal and external information, as well as leveraging common processes that utilize technology, is a component of Newmont’s business strategy. This commonality saves time and allows our vendors to focus on higher value activities.

Transacting ElectronicallyEXPAND [ + ]

The eBusiness solution is about digitizing the commercial transactions between Newmont and our suppliers required to procure and pay for goods and services. Newmont utilizes multiple modules within our SAP platform to accomplish this. SRM (Supplier Relationship Management) and CLM (Contract Lifecycle Management) are two of these preferred modules. At a foundational level, the eBusiness solution is built on the following basic principles and goals:

  • Reduction of manual data entry activities and associated downstream issues
  • Improved visibility and tracking within the business process
  • Better order accuracy and reduction of returns
  • Reduction of cycle times and associated administrative costs
  • Increased rate of on-time payments

Newmont’s eBusiness solution is built on the following electronic transactions:

Transaction Description
Request for Quote Electronic Request for Quotation (RFQ)
Quote Suppliers respond to a Request for Quote using the Quote document.
Purchase Order Purchase Orders are transmitted electronically to the supplier’s order management system (if integrated) or via email directly from Newmont’s ERP system.
Order Response Suppliers will respond to the Purchase Order by sending an Order Response. Suppliers can indicate if they can accept the order as is or with changes (e.g., quantities or certain line items are not available); they can also let Newmont know that the order cannot be fulfilled.

The Order Response provides much greater visibility into the order process and enables Newmont to take action to handle exceptions sooner rather than later.
Change Order In the case of a change to an existing order, Newmont will transmit a Change Order to our suppliers. The Change Order will indicate if quantities have changed or if line items have been added or cancelled.
Order Status Request An Order Status Request (OSREQ) will be sent to suppliers to either confirm the planned delivery date or notify suppliers of an overdue order.
Order Status Response Suppliers respond to the Order Status Request by sending Newmont an Order Status Response (OSRES) and can provide information regarding delivery date.
Advance Shipping Notice Suppliers have the ability to notify Newmont of a planned or actual shipping using the Advance Shipping Notice (ASN) document. The ASN document can also be sent to Newmont’s freight forwarders / logistics operators to let them know the weight and dimensions of incoming items for planning purposes.
Goods Receipt Notice When Newmont has received a goods item, the system will transmit a Goods Receipt Notice (GRN) to the supplier to tie out the number of items that have been successfully received for a purchase order item.
Invoice Suppliers will load invoices electronically to Newmont based on the Goods Receipt Notice. These invoices are scheduled for payment based on the terms in place.
Remittance Advice Newmont can transmit a Remittance Advice to notify suppliers of an Invoice Payment.

If you would like to become a Newmont supplier or if you are a current supplier needing assistance, please contact our Corporate Office at 303.863.7414 or email our Supply Chain.

Supply Chain CategoriesEXPAND [ + ]

Newmont’s Corporate Supply Chain group manages our relationships with vendors in the following areas using a global strategic approach:

Bulk Commodities
  • Ammonium Nitrate & Explosives
  • Cyanide
  • Grinding Media
  • Fuel & Lubricants
Heavy Mining and Mobile Equipment
  • Drills
  • Surface Support Equipment
  • Shovels & Excavators
  • Trucks
  • Mobile Equipment
  • OTR Tires

If you are interested in becoming a supplier for Newmont, please contact our Corporate Office at 303.863.7414 or email our Supply Chain.

Supplier Terms and ConditionsEXPAND [ + ]

See links below for Terms and Conditions regarding Purchase Orders and Supply of Services.

 

ColoradoEXPAND [ + ]

See links below for Terms and Conditions regarding Purchase Orders and Supply of Services.