Invoicing & Payment,
Spend Analysis & Benchmarking,
Supplier Relationship Management,
B2B Social Media: Online Supply Communities, Open Innovation, SM B2B Marketing, SM Customer Driven Support
Industry Groups: Construction, Defence & Aerospace, Education, Financial Services, Healthcare, Manufacturing & Automotive, Public Sector, Resources, Retail & CPG/FMCG, Utilities
Categories / Commodities: Business Travel, Capital Equipment, Construction & Building, Electronic & High Tech, Fuels & Lubricants, Managed Print Services, Marketing & Advertising, Metals & Minerals, Office Suppliers, Services Procurement, Supply Chain Management, Transport & Logistics
Procurement People: Careers, Leadership, People on the move, Talent Management
Articles in category: Open Innovation
Science and Technology Deputy Minister Zanele kaMagwaza-Msibi says her department will invest more in research and innovation to ensure that the country produces more scientists and engineers.
Speaking to SAnews shortly after briefing Parliament's Portfolio Committee on Science and Technology on Wednesday, the deputy minister said these areas needed special attention to ensure that the country moves towards improving the lives of people by investing in the knowledge economy.(Read Full Article)
Africa has the most youthful population in the world, with estimates suggesting young people make up 60 to 70 per cent of the total population, but too few have access to jobs. Unemployment among graduates is becoming one of the most serious problems facing youth in the continent.
One major factor contributing to graduate unemployment is the defective education system, which focuses too much on theoretical teaching. There is next-to none of the practical training needed to either be employed in the job market, or become self-employed(Read Full Article)
THE envisaged mobile devices boom in Africa is increasing and mobile technology is a catalyst for both business improvement and innovation, a technology expert projected.
Jon Schmidt, global vice president for Mobile Sales and Solutions at SAP, said mobility is changing how the world operates. He pointed out the predicted growth of mobile devices, from 2,5 billion today to 50 billion by 2020.
Schmidt added that the two main benefits that mobility had shown was an average of 84 percent productivity gains in the workforce and 74 percent gains in revenue.(Read Full Article)
We all have a lot to learn from the new generation of companies that have come out of the Silicon Valley revolution. Many of these entrepreneurial lessons have been codified in books, the new bibles for innovation — not just for entrepreneurs but also for managers looking to create new and innovative innovation businesses inside existing corporations.(Read Full Article)
Those are the key ingredients for innovation in the financial services industry according to Rick Smyers, VP for Accelerated Innovation at Fidelity Investments.
Smyers was giving a talk at the Front End of Innovation conference, where I asked him about his views on the differences and similarities between the financials services industry and other industries such as cars, medtech and fast-moving-consumer-goods.(Read Full Article)
The 50th issue of Procurement Leaders is a good occasion to reflect on what has shaped the purchasing function in the last decade and consider what could lie in store for us over the next ten years.
First, we have seen a dramatic improvement in the professionalism and calibre of people working in purchasing. They have helped move the function from something of a shadow function to one that is now considered primary in many businesses.
This is good news for both the business and the function because of the fact that purchasing manages and negotiates between 50% to ...(Read Full Article)
The New Centre of Excellence in Scientometrics will go a long way in taking South Africa's ability to understand and fine-tune the innovation environment, to a new level.
This is according to the Minister of Science and Technology, Derek Hanekom, who launched the new centre at Stellenbosch University on Thursday.
"This CoE [centre of excellence] must build on our existing capacity in scientometrics and innovation policy; it must foster additional capacity and take our ability to understand and fine-tune our innovation environment and policy to a new level.(Read Full Article)
Many people believe that Africa is a giant waking up. It will be the next frontier of business opportunities and as always this will be driven by innovation.
Here I like to see that Africa – in this case South Africa – has really begun building the infrastructure needed to support innovation efforts. They have companies committed to innovation including Discovery, which I really think is in a global elite based on my interactions with them last year.You even got good stories to tap into such as the fact that Elon Musk of SpaceX, PayPal and Tesla is South-African born.
On ...(Read Full Article)
The integration of 20 agencies into a one-stop administration service centre will facilitate the delivery of Government services to citizens under the e-Government programme delivered today.
Among these agencies are Ghana Post, Electricity Company of Ghana (ECG), Ghana Water Company Limited (GWCL), Driver and Vehicle Licensing Authority (DVLA), Ghana Immigration Service (GIS) and Ghana Police Service (GPS).
[This Day]Legal Adviser at Amnesty International in London, UK, Dr. Kolawole Olaniyan, has canvassed for a comprehensive and complementary legal framework that addresses the criminal law dimension of the problem and contributes to holding states accountable for the human rights violations that stem from corruption.(Read Full Article)
[New Era]Cape Town -The University of Cape Town Graduate School of Business (UCT GSB) has created an innovative space at the heart of its campus, to break the mould of a traditional business education in order for more holistic and creative responses to African challenges to emerge.(Read Full Article)
It’s a common question thrown at me by entrepreneurs, venture capitalists, or the more cynically minded corporate leaders.
That is, why bother trying to innovate if no matter what they do, large companies can no longer maintain a sustainable advantage and their life spans are just getting shorter and shorter? Isn’t it better to hasten Joseph Schumpeter’s process of creative destruction and move capital and employment from inefficient dinosaurs to more vibrant and agile upstarts?(Read Full Article)
Facebook’s acquisition of WhatsApp for a reported $19 billion (£11.3 billion) shows how procurement can get involved in high-risk high value projects, such as IT systems and major capital expenditure. Here are three points to inform your thinking: • Cost, price and value. The acquisition price of $19 billion has very little to do with cost because WhatsApp employs about 55 people and charges 69p in the UK for an annual service – it’s free for the first year.(Read Full Article)
I have spent much time in developing countries in which the concepts of innovation and in particular innovation management are still very immature. However, it was not until today where I attended a conference – and a hands-on workshop on developing new businesses – that I realized I need to pay even more attention to the different levels of innovation height and ambitions in different markets.
The more mature the market is, the more advanced you can be in your innovation thinking.(Read Full Article)
As more and more startups like Airbnb, Etsy and Kickstarter crowd into the space of the collaborative economy, big brands are starting to get in on the action, too. Staples sells products developed on Quirky; Avis has acquired Zipcar; Walgreens has partnered with TaskRabbit for delivery.(Read Full Article)
Kenya's mobile network operator Safaricom has been rated number 9 in innovation globally by Fast Company magazine due to its role in bridging the healthcare gap with telecoms services.
The magazine noted that Safaricom's Daktari 1525 which helps connect the doctor and patient had improved the lives of millions of Kenyans by making them healthy.
"In Kenya, where more than half of citizens live on less than a dollar a day, medical care can be a far-off luxury. But local telecom giant Safaricom has built a vital bridge between doctor and patient. This year, it's boosting marketing ...(Read Full Article)
We all want to be at the top of our industry. To achieve that we are today just as dependent on exceptional supplier relationships as we were fifteen years ago. It as become a lot easier yet still only a few organisations get this right. Consider the example of how Honda and Toyota started dominating the US auto market in the nineties. Applying these principles are just as valid now but more achievable through the communication habits and tools at our disposal today.(Read Full Article)
"I’ve seen few companies that would invest the time and trust in developing such strategic relationships with their suppliers but the ones that do, realise long-term sustainable business benefits.” Given the last statement from Santosh Nair of GEP regarding an organisation’s ability to identify, cultivate and then ultimately sustain the strategic relationship developed between a buying organisation and a supplier, is one for close scrutiny and consideration.
In order to reach its maximum effectiveness and benefits between two companies, innovation must be rooted in agreed executive working principles, shared responsibilities, open transparency, shared risk/reward and finally commitment ...(Read Full Article)
The first three Angolan domestic appliances assembling lines, owned by INOVIA company were inaugurated on Friday in the Special Economic Zone, in Viana, Luanda.(Read Full Article)
For procurement, delivering innovation is route to greater value and recognition. But what are we really talking about when you get past the buzzword?
In procurement, we all love to talk about innovation. It’s sexy and enticing because everyone wants to be the next Steve Jobs and because it improves the perception of value in the function. The problem is, the word has been used so liberally that its meaning is beginning to be diluted.
Whether you’re a digital start-up or an institutional entrepreneur, three simple heuristics offer an excellent way to determine whether a fledgling innovation initiative should be put out of its misery (and yours). Even if the innovation business case appears compelling and its numbers sound, should these three pathologies appear, don’t hesitate or delay: Kill your innovation effort ASAP.
1) No Pleasant Surprises
Almost all innovation efforts have the hiccoughs and bumps in the road. Design schedules invariably slip and that “quick-and-dirty” prototype ends up costing much more than expected. That’s normal. But listen closely for and pay ...(Read Full Article)
The development community's narrow focus on top-down innovation is obscuring the importance of other areas - such as user-led innovation - as useful inputs to the innovation process, says a leader of the UN Development Programme's innovation team.
The community must move away from its 'one-size-fits-all' approach to innovation and create a varied tool kit to adapt programmes to complex individual situations, says Giulio Quaggiotto, who leads the UN Development Programme (UNDP) Knowledge and Innovation team at the Europe and Central Asia office.(Read Full Article)
Open innovation is a new paradigm shift in which companies not only rely on their internal resources to make innovation happen. They merge these with external resources in order to bring better innovation to market faster. This is now happening in a much more systematic approach than ever before and the early movers are starting to see real benefits out of this approach. Unfortunately, there are not yet any notable South African companies when it comes to open innovation. It is my impression that many companies are still trying to understand the more traditional kind of innovation based on their ...(Read Full Article)
This little story speaks in volumes about how companies will tackle the built-up deficit in innovation training and development in different ways. A CFO is wary about investing in the training and education of the employees. He asks the CEO: ”What happens if we invest in developing our people and then they leave the company?” The CEO is a bright person and replies: ”What happens if we don’t and they stay?” Nicely put! We are definitely going to see some winners and losers in the coming years.(Read Full Article)