Innovative Procurement

From Open Risk Manual

Definition

Innovative Procurement denotes a type of Procurement that targets Innovation.

Innovation in this context means the implementation of a new or significantly improved product, service or process, including but not limited to production, building or construction processes, a new marketing method, or a new organisational method in business practices, workplace organisation or external relations inter alia with the purpose of helping to solve societal challenges or to support the Europe 2020 strategy for smart, sustainable and inclusive growth.

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