THE SOURCING OF INNOVATION AND INNOVATION IN THE PROCUREMENT ORGANISATION Introduction The use of the word ‘innovation’ has even surpassed the use and abuse of terms like ‘partnership’ and ‘value’. This article will discuss the specific role of sourcing in bringing these three concepts together. Let us start with a definition: “Innovation is the implementation of a new product or process that has been further developed or significantly improved in the business world.” The word ‘implementation’ in the definition above is used to specifically differentiate the term ‘innovation’ from ‘invention’. The term ‘improved’ highlights the fact that competitiveness, thanks to innovation, is greatly impr
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