In order to successfully build up "Industry 4.0", various approaches are possible which must be geared to the individual starting position and goals of the respective companies.
The role of the chief procurement officer as a strategic business partner has taken on a new shape in recent years as organizations aim to better focus on changing business landscapes and keeping up on tech developments.
A recent ProcureCon study, “Examining the Role of the CPO as a Catalyst for Digital Transformation in a Time of Disruption,” suggests that the role of the CPO must now assist its organization by navigating the global business environment’s opportunities and changes.
Industry 4.0 brings with it a concentrated load of changes that of course also affect procurement. The six-day course provides hands-on knowledge and skills for a professional analysis and (further) development of the shopping direction 4.0.
"Keeping the course between agility and stability" is the topic of the International Bodensee Forum for Purchasing and Materials Management on April 9, 2019 in Dornbirn / Austria. The trade fair, which is already being held for the twelfth time, will once again be held in partnership by the BME region Bodensee-Oberschwaben, the Swiss Association for Purchasing and Supply Management - procure.ch and the BMÖ - Federal Association for Materials Management, Purchasing and Logistics in Austria.
The fourth R&D Conference has been taken place at the University of applied Science in Rapperswil. 28 contributions were made by 12 universities showing their latest digital innovation to the audience of industrial innovators.
Today’s World is characterized by the term Dynaxity to capture prevailing environments with increased dynamics and complexity. Fast changing market conditions and technological progress create ambiance where traditional innovation cycles do not produce desired outcomes anymore. The Open Innovation concept, which uses internal and external ideas as sources to develop a business logic, represents central approach to successful disruptive innovation in today’s World of Dynaxity.
The article lists the most powerful Digital Transformation trends for 2019. Each of the trends is further discussed in detail in linked articles. A recommended read.
"The pace of technology innovation continues to accelerate, and companies continue to find navigating the business strategy, business model, workforce, customer interaction, and business operational changes necessary to compete effectively to be a significant challenge. This progression will continue through next year and beyond."
Internet of Things became a buzz word especially in the producing industry. However, many companies still struggle with the challenges of finding the right use cases and appropriate technologies. We consolidated the most important facts you should consider when starting digitalization of your products and services.
China started to create an ecosystem for companies to modernize their facilities and also rethink through their current business models. Especially the IT-sector with a fast-growing e-commerce business is supposed to become the backbone of the industry. Read more about the regional Centers of Excellence in our full article.
Silicon Valley is still the major player even though it is losing ground in terms of fast-growing start-ups. Silicon Valley based tech companies brought in a total of 12.000 deals since 2012, more than twice as many as the number two, the New York area. Similar for funding, Silicon Valley companies brought in a total of $140 billions with Beijing being next in line at $75 billions.
