Innovation Driven Procurement (IDP) enables purchasing organisations to actively contribute to the strength of a company's innovation, an important strategic objective of many companies
How can procurement effectively collaborate with innovation departments/teams?
Companies need to assess whether each department is heading in the same direction. Once all departments involved are aligned and have complementary targets, embedding the collaboration whithin the process will ensure successful contribution of procurement to innovation.
So how can companies outsource its R&D (or at last a part of R&D) in order to increase flexibility and effectiveness of R&D, whilst maintaining focus and dedication to the value chain’s needs?
Innovation Driven Procurement (IDP) enables purchasing organisations to actively contribute to the strength of a company's innovation, an important strategic objective of many companies
How can procurement effectively collaborate with innovation departments/teams?
Companies need to assess whether each department is heading in the same direction. Once all departments involved are aligned and have complementary targets, embedding the collaboration whithin the process will ensure successful contribution of procurement to innovation.
So how can companies outsource its R&D (or at last a part of R&D) in order to increase flexibility and effectiveness of R&D, whilst maintaining focus and dedication to the value chain’s needs?
Getting the right product to the right customer location at the right time is key to commercial success for any company. But with more than 6,000 product lines across 13 business units and operations in 90 countries, this is a challenging task for DuPont. The company decided to integrate its inventory management using the SAP® Enterprise Inventory Optimization application by SmartOps. As a result, it has reduced costs by cutting excess safety stock while improving customer service.
The first seminar of Friends4Growth in Ho Chi Minh city with Dr. Philip Charles ZERRILLO (Dr.Z) from SMU - Singapore Management University.
Friends4Growth
Together We Grow
--------------------------------------------------
Friends4Growth is a group of young professionals, who share a common passion to learn and grow more in their career through formal and informal educational opportunities. The group was founded by Vietnamese national Le Tran, a Wharton MBA Class of 2009.
The Friends4Growth mission is as follows:
- Be a place for young professionals to exchange and enhance knowledge
- Bring educational opportunities to members by providing access to well-known professors, business leaders and industry experts
- Provide information of universities around the world to members with intention to study abroad
- Share experience in studying, job search, working and living outside Vietnam
To achieve its mission, the group organizes various activities on a monthly basis to its members, such as:
- Seminars on various industry topics, with a sponsorship of the Singapore Management University.
- Coffee chats with experienced professionals from more developed economies
- Q&A sessions covering overseas life and work from seasoned experts
Website: www.friends4growth.com
Join us at: http://facebook.com/friends4growth and http://vn.linkedin.com/in/friends4growth
If you have any inquiry, please contact us at info@friends4growth.com
Cultivating innovation by improving internal cross-departmental interaction (...KGS Global
- Encouraging creativity and communication between all departments, from R&D and Formulations to Marketing and Branding
- Uncovering new ways of doing things, evaluating innovation processes and generating packaging ideas by working together
- Finding packaging solutions from others and together through collaborative problem solving
- Embracing new ways of interacting across departments to change and innovate your business model
Presentation by Rimma Driscoll - Associate Director EMEA Global Business Development - Proctor & Gamble
This is a high-level overview for planning R&D projects to reach an implementation phase within the internal organization.
All work shared here is non-sensitive intellectual property of all research partners involved.
Prof. Thomas Baaken:Science-to-Business Marketing - A new Model in Knowledge ...FITT
This presentation was held by Prof. Thomas Baaken during the FITT conference „ICT Innovations: Research > Business > Society“ on 10 May 2011 in Brussels.
www.fitt-for-innovation.eu
Mario Cameron: Turning Science into Business: From Research to Market – the E...FITT
This presentation was held by Dr. Mario T. Cameron during the FITT conference „ICT Innovations: Research > Business > Society“ on 10 May 2011 in Brussels.
www.fitt-for-innovation.eu
Increasing costs and decreased productivity have hampered growth and investment in the global life sciences and health-care sector. The open-innovation approach embraced by many industries could transform the way biotech and health-care companies innovate—bringing products and services to market quickly and efficiently.
What does this mean for business and consumers in Ontario?
Presenting diverse perspectives, this breakfast panel examines the open-innovation approach and identifies opportunities and challenges for health-care stakeholders as they position themselves in the value chain. Learn how to use this approach and leverage it with success.
INNOVATION BOOT CAMP is a large group intervention methode to generate breakthrough innovation in companies and organizations. It is proven and works great.
Getting the right product to the right customer location at the right time is key to commercial success for any company. But with more than 6,000 product lines across 13 business units and operations in 90 countries, this is a challenging task for DuPont. The company decided to integrate its inventory management using the SAP® Enterprise Inventory Optimization application by SmartOps. As a result, it has reduced costs by cutting excess safety stock while improving customer service.
The first seminar of Friends4Growth in Ho Chi Minh city with Dr. Philip Charles ZERRILLO (Dr.Z) from SMU - Singapore Management University.
Friends4Growth
Together We Grow
--------------------------------------------------
Friends4Growth is a group of young professionals, who share a common passion to learn and grow more in their career through formal and informal educational opportunities. The group was founded by Vietnamese national Le Tran, a Wharton MBA Class of 2009.
The Friends4Growth mission is as follows:
- Be a place for young professionals to exchange and enhance knowledge
- Bring educational opportunities to members by providing access to well-known professors, business leaders and industry experts
- Provide information of universities around the world to members with intention to study abroad
- Share experience in studying, job search, working and living outside Vietnam
To achieve its mission, the group organizes various activities on a monthly basis to its members, such as:
- Seminars on various industry topics, with a sponsorship of the Singapore Management University.
- Coffee chats with experienced professionals from more developed economies
- Q&A sessions covering overseas life and work from seasoned experts
Website: www.friends4growth.com
Join us at: http://facebook.com/friends4growth and http://vn.linkedin.com/in/friends4growth
If you have any inquiry, please contact us at info@friends4growth.com
Cultivating innovation by improving internal cross-departmental interaction (...KGS Global
- Encouraging creativity and communication between all departments, from R&D and Formulations to Marketing and Branding
- Uncovering new ways of doing things, evaluating innovation processes and generating packaging ideas by working together
- Finding packaging solutions from others and together through collaborative problem solving
- Embracing new ways of interacting across departments to change and innovate your business model
Presentation by Rimma Driscoll - Associate Director EMEA Global Business Development - Proctor & Gamble
This is a high-level overview for planning R&D projects to reach an implementation phase within the internal organization.
All work shared here is non-sensitive intellectual property of all research partners involved.
Prof. Thomas Baaken:Science-to-Business Marketing - A new Model in Knowledge ...FITT
This presentation was held by Prof. Thomas Baaken during the FITT conference „ICT Innovations: Research > Business > Society“ on 10 May 2011 in Brussels.
www.fitt-for-innovation.eu
Mario Cameron: Turning Science into Business: From Research to Market – the E...FITT
This presentation was held by Dr. Mario T. Cameron during the FITT conference „ICT Innovations: Research > Business > Society“ on 10 May 2011 in Brussels.
www.fitt-for-innovation.eu
Increasing costs and decreased productivity have hampered growth and investment in the global life sciences and health-care sector. The open-innovation approach embraced by many industries could transform the way biotech and health-care companies innovate—bringing products and services to market quickly and efficiently.
What does this mean for business and consumers in Ontario?
Presenting diverse perspectives, this breakfast panel examines the open-innovation approach and identifies opportunities and challenges for health-care stakeholders as they position themselves in the value chain. Learn how to use this approach and leverage it with success.
INNOVATION BOOT CAMP is a large group intervention methode to generate breakthrough innovation in companies and organizations. It is proven and works great.
Supply Chain Summit on Innovation Driven Procurement Business ModelRobbert den Braber
Presentation given on the Global SC Summit @ October 4 in Venlo, The Netherlands
It shows the change in Procurement business model required to contribute to innovation
Best Practices In Collaborative Innovation: How CPG Manufacturers & Retailers...Jenna Dudevoir
This white paper is based on a research study with thirty global consumer goods manufacturers, retailers, and brokers to better understand how manufacturers and retailers are working together to drive profitability and deliver innovative products.
In context of applying to Startup Life I concluded a portfolio of my projects in business development and sales. I hope the presentation also gives insight on my personality, interests and secret weapons!
Healthcare and Life Sciences - Cloud ComputingMike Watson
A small presentation radiated to a HealthCare and Life Science audience, late 2012.
To have an effective technology transformation roadmap is to have a satisfactory strategy that addresses and answers 10 clearly defined enterprises “must haves”.
IDP is the concept that describes how procurement can add value to a firm's innovation processes.
This slide deck is about outsouring your R&D; the decision process and the supplier management implications.
Idea management is an important part of management in the 21st. century. Watch this presentation to see how you can enhance your competitveness by implementing idea managment and how Ideas2benefit software can support your business.
IBM Collaborative Innovation Platform - ThinkPlaceKapil Gupta
Describes the background and progress of IBM's Corporate Innovation program and ThinkPlace platform, for which I led Technical Strategy and product roadmap. Deck contains Information and background shared with customers and analysts circa 4Q 2008. (so obviously very out of date now - but a good representation of our thoughts etc at that point in time)
Whatever stage you\’re at in getting your idea to market we are here to help. That includes prioritising ideas to pick winning products, developing ideas through design, research and prototyping, and finally assisting in the financial and commercial aspects of product launch. We can even help you generate new product ideas if you don’t have any of your own! So come and talk to us and learn more about how we can work together to turn your ideas into reality.
Innomantra is India’s leading Innovation and Intellectual property consulting and services firm. We help organizations to design and achieve their innovation and Intellectual property goals by 3x.
Our clients range from small entrepreneurial enterprises to Fortune Global 500 organizations. We are headquartered in Bengaluru, India.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
Taurus Zodiac Sign_ Personality Traits and Sign Dates.pptxmy Pandit
Explore the world of the Taurus zodiac sign. Learn about their stability, determination, and appreciation for beauty. Discover how Taureans' grounded nature and hardworking mindset define their unique personality.
Accpac to QuickBooks Conversion Navigating the Transition with Online Account...PaulBryant58
This article provides a comprehensive guide on how to
effectively manage the convert Accpac to QuickBooks , with a particular focus on utilizing online accounting services to streamline the process.
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
Know more: https://www.synapseindia.com/technology/mean-stack-development-company.html
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
India Orthopedic Devices Market: Unlocking Growth Secrets, Trends and Develop...Kumar Satyam
According to TechSci Research report, “India Orthopedic Devices Market -Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030”, the India Orthopedic Devices Market stood at USD 1,280.54 Million in 2024 and is anticipated to grow with a CAGR of 7.84% in the forecast period, 2026-2030F. The India Orthopedic Devices Market is being driven by several factors. The most prominent ones include an increase in the elderly population, who are more prone to orthopedic conditions such as osteoporosis and arthritis. Moreover, the rise in sports injuries and road accidents are also contributing to the demand for orthopedic devices. Advances in technology and the introduction of innovative implants and prosthetics have further propelled the market growth. Additionally, government initiatives aimed at improving healthcare infrastructure and the increasing prevalence of lifestyle diseases have led to an upward trend in orthopedic surgeries, thereby fueling the market demand for these devices.
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
2. Corporate mission, vision and strategy statements stress the importance of
innovation as the engine for growth
We deliver innovation by investing in world
class strengths in end-user insights,
technology, design and superior supplier
networks
Philips
Source: corporate websites
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3. An example of an innovative company: Procter & Gamble Open Innovation initiatives
connect external parties to contribute to new product development
Open Innovation with P&G
P&G’s Innovation Net
Mechanisms
Consumer An internal network of 70 technology
Insights
entrepreneurs who think up scenarios and write
technology briefs
Suppliers’ research teams work in P&G labs
Customer
R&D
Teams
Labs and P&G researchers work in supplier labs
Interactive prototyping tools to co-invent new
product packaging with consumers.
Networks connect companies that have a
science or technology problem.
Employees
Trade A network that links over 800 retired but high
Suppliers
performing scientists and engineers from over
150 companies.
Results
Since 2000, share price has doubled and R&D
investment as a percentage of sales is down
Suppliers
Venture from 4.8% in 2000 to 3.4% in 2006
Capitals
Launched 100 new products, 35% of which
originate externally, up from about 15% in 2000
45% of the initiatives in product development
have key elements discovered externally
Contract Labs Research
Institutions Increased product hit rate to more than 90%,
from 70% in 2001 through open innovation
Source: (a) “Why companies should have open Innovation”, HW Chesbrough, (2007); (b) “Connect and Develop: Inside P&G’s new model for Innovation”, HBS 58 (2006); (c) Company website
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4. The Innovation Driven Procurement (IDP) Strategy based on the Corporate and
Procurement Strategy will transform procurement into a true business partner
From Strategy to IDP
Corporate Procurement It is essential to align the Procurement Strategy
with the overall Corporate Strategy to ensure
Procurement’s efforts are focused appropriately
and are consistent with the fundamental direction
of the business. This is what makes Procurement
Strategy
a service provider for the business.
Corporate Procurement Whereas innovation is often stressed in Corporate
Strategy Strategy Strategy and open innovation is embraced by
many successful companies, many struggle to
translate this into the Procurement Strategy. Let
alone providing procurement services satisfying
the business’ innovation needs.
IDP The translation of the Corporate Innovation
Strategy into a Innovation Driven Procurement
(IDP) Strategy provides focus for procurement.
Mechanisms such as those shown in the P&G
Innovation
case need to be formalised and embedded in the
organization. IDP will transform Procurement from
Innovation Support a service provider into a business partner.
initiatives services Depending on the IDP strategy, new roles and
services will be provided by procurement. This can
have an effect on the entire procurement function,
mainly impacting tactical procurement operations
such as sourcing, demand management and
supplier relationship management.
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5. Innovation Driven Procurement is one of the crucial aspects in adding value to your
business if innovation is part of your Corporate Strategy
IDP in procurement development
Over the past decades, the increased importance
of the procurement function has set a
development in motion. Nowadays, most
•Value extraction companies have spend management strategies,
Value focus
allowing them to leverage economies of scale and
and creation
managing demand in the organization.
Procurement maturity level
IDP
Most have gone further with involvement of the
•Performance enhancement business in the procurement processes. This
process focus makes procurement a reliable
Product focus
service provider responding to business demand
•Supplier involvement
and mitigating risk and costs.
Some have successfully gone further recognizing
•Eliminating deficiencies
suppliers as a key actor of the end product. This
Process focus
goes beyond responding to business demand with
•Business involvement procurement services, mitigating risk and costs. It
means pro-actively providing value added services
that will help the business reach the corporate
•Consolidation goals.
Spend focus
IDP services are focused on future client demand
•Compliance
and (potential) markets. It encompasses a
procurement function which is embedded in new
product development, which uses its extensive
market knowledge to scout for new opportunities
Transactional focus •Negotiation beyond direct business demand, and may even
spur new directions for the company.
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6. IDP includes mechanisms both internal and external to the product chain for
Procurement to contribute to Open Innovation
IDP based on Open innovation
Product chain internal mechanisms
Connecting existing suppliers with engineers
Searching and stimulating new developments
within the existing supply base
Set up joint development programs, co-creation,
partnerships
Provide toll gate services for new technologies
throughout the innovation funnel
P&G case example: strong internal networks
and close collaboration with suppliers
Product chain external mechanisms
Scouting for new developments outside the
existing supply base and in completely different
markets
Creating flexibility in supplier segmentation and
dependency
Building scenarios of future markets with
boundary spanning networks
Connecting with new ventures inside & outside
the product chain
Changing the market focus or future market
P&G case example: prototyping, networking
with consumers, engineers and entrepreneurs
Source graphic: Prof Henry Chesbrough UC Berkeley, Open Innovation: Renewing Growth from Industrial R&D, 10th Annual Innovation Convergence, Minneapolis, Sept 27, 2004
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7. Beside the natural position of Procurement as the suppliers’ partner, Procurement
competences match perfectly with those required for Open innovation
Key Procurement competences Open innovation required competences
A well developed procurement department Open innovation must be organized and
(maturity level of process focus and higher) has facilitated. Open innovation goes far beyond an
strategic purchasers who can: internal R&D department developing new ideas.
Competences required for Open Innovation are:
Challenge business demands Critical view on internally developed
specifications
Contribute to developments with strong
knowledge of the category markets and Boundary spanning communication and
products collaboration skills
Build up a broad vision on markets Technical and market insight
MATCH
Develop and leverage relationships between Decision making in the various toll gates in the
the business and suppliers innovation funnel
Manage an open portfolio of suppliers and Critical attitude towards the status quo, and
evaluation their contribution readiness to engage with new parties
Challenge suppliers develop more value for the Curiosity and ambition to investigate and realize
product chain future possibilities and potential markets
Source graphic: Prof Henry Chesbrough UC Berkeley, Open Innovation: Renewing Growth from Industrial R&D, 10th Annual Innovation Convergence, Minneapolis, Sept 27, 2004
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8. The IDP strategy impacts upon all strategic and tactical aspects of Procurement
• Develop maturity to at least the process focus level
• Translate innovation strategy into IDP strategy
• Set up and support for the projects by the responsible
• Align initiatives with the board of management
CXO’s
• Set up project organization for multi-functional IDP teams Procurement
Strategy
• Define roles and responsibilities Development
• Evaluate category plans to help identify IDP projects
Governance &
• Increase weight of multi-functional teams for IDP
Organisational Development
categories
• Conduct sourcing within IDP teams
• Increase scope of sourcing strategies
• Specify needs functionally
• Specify problems instead of solutions
• Focus on (future) added value to the product Category Planning
chain
• Open up portfolio management
• Involve legal for good IP structures
• Extend supplier management outside the supply
base
• Redefine relationships
Supplier
Demand
Sourcing Relationship
Management • Deal with IP rights
• Fully involve the business in the IDP Management
• Open up networks with the ecosystem
teams
• Increased partnering, development and co-creation
• Feed the business with market
knowledge and developments
Supply Planning & Control
• Set up networks for new idea creation
and scenario building
Provision of Goods & Services
• Set up internal and external
knowledge bases
People
IT Knowledge & Information
• Make use of online tools for networking
• Ensure perfect communication within
• Connect with suppliers
IDP teams
Managing the Enablers
• Support boundary spanning project
• Connect with external knowledge
management
sources
• Communicate success
• Select the top resources for IDP projects
• Recruit your success and change profiles of strategic purchasers
• Develop project management and collaboration skills
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9. Contact
Consulting Services Consulting Services
ir Robbert den Braber ir Ronald Geerts
Senior Consultant Senior Consultant
Capgemini Nederland B.V. Capgemini Nederland B.V.
Papendorpseweg 100, P.O. Box 2575, Papendorpseweg 100, P.O. Box 2575,
3500 GN Utrecht - The Netherlands 3500 GN Utrecht - The Netherlands
T. +31 30 689 5056 T. +31 30 689 3842
Mob. +31 6 15 03 09 01 Mob. +31 6 27 15 92 96
Robbert.den.Braber@capgemini.com Ronald.Geerts@capgemini.com
www.nl.capgemini.com www.nl.capgemini.com
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