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What is Procurement about?

Goldcorp, a gold mining company, was struggling to profitably mine gold from some of its mines. The CEO made the unconventional decision to publicly share geological data from one of its mines and offer a prize for developing a solution. This led two Australian companies to collaborate and develop a 3D model of the mine, dramatically increasing gold production. This showed how procurement could drive innovation by looking outside the company and its regular suppliers for novel solutions. As technology makes

Author

muputism

Language

EN