Invoicing & Payment,
Spend Analysis & Benchmarking,
Supplier Relationship Management,
B2B Social Media: Online Supply Communities, Open Innovation, SM B2B Marketing, SM Customer Driven Support
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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
Companies can develop successful supply chains for most innovative products by following a dual strategy that exploit both the cost advantage of efficient resources and the agility of reactive resources(Read Full Article)
Supplier-enabled innovation is a complex area but it could be the next big opportunity for procurement.
Speaking to the head of supplier innovation at a major consumer brand recently provided me with a fascinating insight into the difficulties procurement faces when trying to tap into the more advanced capabilities of key suppliers.
The use of social media to promote and market the outcomes of innovation (products and services) is widespread. This is not the objective of this post as I want to focus on how people working with innovation can use social media in their efforts to create these products and services and to further develop their innovation capabilities.
Some facts on LinkedIn:(Read Full Article)
In today's globalised world, the adoption of technology is increasingly essential for companies to be highly competitive and to prosper.
The technological readiness pillar of the South Africa's National Development Plan (NDP) measures the agility with which the economy adopts existing technologies to enhance the productivity of its industries. No industry or sector is immune from the growing need to use innovation as a competitive advantage.
The mining sector is one of South Africa's oldest industries(Read Full Article)
There are a lot of NGOs, social enterprises and start-ups looking to create products that people living in slums and townships will find useful. Many of them seem to have a good, rational logic but just don't take off, either because they lack distribution or don't convince their intended customers. Lumkani's fire detector seems to have sold enough to have made a good start. Russell Southwood spoke to its co-founder David Gluckman.(Read Full Article)
When it comes to internet of things (IoT) in the supply chain, the potential is huge. We’re already seeing a move from concept to reality, and when it comes to manufacturing there is one key focus – streamlining operations – both through cost reduction and operational efficiency. IoT has applications in shipment tracking, automation, and even (in the future) delivery drones.(Read Full Article)
Zimbabwean entrepreneur Vuyo Sakala has always dreamed big and wanted to develop and provide great products and services for Africa. After studying Architecture in Australia, and noticing the lack of information he had access to about what was happening back home in Zimbabwe and the rest of the African continent as a whole, he came up with the idea of designing and building five regional information portals that would cover the continent; one each for north, south, east, west, and central Africa.(Read Full Article)
Procurement should consider, for a moment, how much innovation is created among smaller businesses, regardless of whether they are a supplier to your business or not. Innovation is just as likely to be found in the basement of a PhD graduate’s apartment, or the laboratory of a university, or within a micro start up which is struggling to stay afloat as it is in the labs of a multinational.(Read Full Article)
Do you believe that your suppliers think it is worth the time and effort to bring you the innovations you are looking for to grow your business in a sustainable way? Procurement can be a key driver if the right resources, processes, incentives and metrics are established. Are you ready to engage your suppliers to unlock the value from them?(Read Full Article)
Closer Relationship With Suppliers
Increased competition, higher consumer expectations and shifting attitudes towards the environmental and social impact of products and services means that today, the development time is compressed, and the expected lifetime of a product is becoming ever ...
[This Day]Promoters of the SmartCity Innovation Hub technology project have promised to create 50,000 direct employments in the next five years. The hub is designed to promote economic diversification and to move the country towards a knowledge-based economy.
The project is a bold move to bring together technology, government and society in ways that promote the culture of innovation and the competitiveness between allied businesses and knowledge-based institutions.(Read Full Article)
In February 2015, MarketSqr Supply Network will be presenting the inaugural Procurement Africa e-Conference, themed “Procurement without Borders”.(Read Full Article)
Clorox is one of the leading practitioners of open innovation. Not many people really know this, but it becomes obvious, when you interact with Clorox people and listen to their presentations.
Navin Kunde, Business Networks Leader at Clorox, recently gave a great presentation at the Open Innovation Summit in Chicago. The presentation, which he has given me permission to share with you, focused on three key takeaways.
1) Focus on fewer partners who can deliver deeper, more effective relationships that drive business results(Read Full Article)
The ITC assists enterprises in exploring new markets and entering value chains(Read Full Article)
If you're in some parts of South Africa, power outages will no longer prevent you from accessing your much needed cash. BusinessTech has reported that ATM Solutions, a company that provides and operates retail ATMs, has installed what it believes to be the first solar powered ATMs in South Africa at a number of sites in Mpumalanga.(Read Full Article)
If you are not the top priority for your supplier you may be at the back end of the queue if they run out of capacity. Thus getting fired by your supplier!
Listening to supplier opinion can deliver great benefit to any organisation. Product or process improvements, design changes or new materials can be the result from opening up to suppliers.(Read Full Article)
[New Era]Windhoek -Minister of Finance, Saara Kuugongelwa-Amadhila, yesterday said Namibia needs to ensure that regulatory frameworks and supervisory practices give sufficient space to encourage competition and innovation to promote formal financial sector participation by individuals and small and medium enterprises (SMEs).(Read Full Article)
The Aspen Institute and Institute Trustee Anne Welsh McNulty today announced Rejane Woodroffe and the Bulungula Incubator (BI) as the recipient of the seventh annual John P. McNulty Prize. The $100,000 prize recognizes the spirit of innovation and excellence of private sector leaders who use entrepreneurial methods to address important global social issues. Rejane and BI are being honored for their pioneering work on rural development in South Africa.
"One thing the McNulty Prize looks for are imaginative solutions to pressing problems that can be replicated elsewhere(Read Full Article)
Public service innovators gathered at Emperor's Palace, in Kempton Park, on Friday evening to be honoured for their innovations.
The 12th Public Sector Innovation Awards featured among others innovations that improve service delivery, use Information Communication and Technology (ICT) for effective service delivery and innovations that enhance internal systems of government.
Minister of Public Service and Administration, Collins Chabane, told innovators gathered at the awards ceremony that their innovations dispel the myth that public servants are lazy and incompetent people who can't come up with creations to improve service delivery.(Read Full Article)
Brics countries must continue to embrace innovation as a key driver for economic growth, delegates at the 3rd Annual innovaBRICS & Beyond Conference taking place in London heard on Monday, 27 October.(Read Full Article)
Bill & Melinda Gates Foundation and Grand Challenge Partners Commit to Innovation with New Investments in Breakthrough Science
Seattle — A consortium of partners including Brazil, Canada, India, Norway, South Africa, the United Kingdom and the United States will fund a new phase of Grand Challenge initiatives.
At an event in Seattle commemorating the tenth anniversary of Grand Challenges, a group of international partners today announced three new initiatives aimed at creating breakthroughs in science.
This anniversary event, attended by scientists and researchers from around the world, celebrates a decade of progress since the Bill & Melinda Gates Foundation's launch of the initial Grand Challenges in Global Health initiative. This original US$450 million research initiative was created to ...(Read Full Article)
Many companies around the world know the benefits of open innovation and crowdsourcing with speed and diversity being the most important ones.
The combination of the two can enable companies that are successful with open innovation to bring better products and services to market faster than their competitors. This is a position that every CEO craves for as this can help develop strong and sustainable competitive advantages.(Read Full Article)
At Novozymes, an industrial bio-tech company, internal crowdsourcing is an important means to engage the employees in the creative process. The crowdsourcing campaigns have proved to be very successful with high engagement levels and many qualified proposals, some of which even led to patent applications. This is what we have experienced of do’s and don’ts when it comes to achieving successful crowdsourcing.
How Crowdsourcing Becomes an Innovation Engine – 6 Rules to Follow(Read Full Article)
The challenge of ensuring adequate, nutrient-rich food for an expanding global population is a daunting one, especially given constraints on key resources like water and agricultural land.
As it stands, the two leading approaches to enriching and enlarging the world's food supply are genetic engineering and industrial processing with additives and chemicals. Now, a third solution is emerging: vertical farming.
Academic studies have found that locally cultivated vertical farms - stacked greenhouses that use artificial light to grow crops - can provide considerable savings, which could then be passed along to consumers. But questions about such farms' fundamental economics, especially for ...(Read Full Article)
Nissan has said that its new Y62 Patrol, now redesigned with an unprecedented zest and ergonomics, has returned with a futuristic look that stands out for its unique combination of the most recent technologies and new design DNA.
The auto maker noted that the new Y62 Patrol, assembled in Nigeria by Stallion NMN plant in Lagos, epitomises Nissan's tagline: 'Innovation that excites.'
It also noted that President Goodluck Jonathan had acknowledged the beauty and adroitness of the made-in-Nigeria Y62 Patrol when he, in company of some government officials, took delivery of the Patrol in Abuja on Democracy Day(Read Full Article)