Special Projects
The Chief Operating Officer (COO) chairs the Production Inventory Control Steering Committee. The objective of this committee is to review and report on mechanisms to improve the current and future system of production inventory control for high value circulating blanks and coins. The Committee also conducted training for staff to increase their awareness of the importance of inventory control in a coin related manufacturing industry and manage change during the adoption of new processes.
The COO and the Chief Finance Officer represented the Mint in APCA's coin issues working group (CIWG) meetings. The objective of this working group is to resolve the issues identified and to put in place improved processes to reduce coin inventory. Through its work the CIWG was able to reduce coin inventory significantly in the cash-in-transit depots.
The COO chaired the Mint Directors Technical Committee meetings in Ottawa and Amsterdam during the year. The Technical Committee consists of 18 Mints and 10 mint related industries. The Committee is currently working on some 18 technical projects.
The COO is also developing a holistic Business Continuity Plan (BCP) for the Mint and developing procedures for remedial actions. The BCP includes managing disasters such as an influenza pandemic in cooperation with international mints.
In addition, the COO is developing with the US Mint a plan for a staff exchange to enhance the skills sets of both organisations.
Korean Mint
The Mint hosted Korean Mint staff for two weeks during the year to enhance their knowledge in the die manufacturing process and proof coin minting in general. This visit also proved valuable in that the exchange of knowledge and a wider understanding of overseas operations of another mint was well received by Mint staff .
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