Disruption Innovation

101: Zycus Horizon 2016 Report: Are We Innovating Enough?

I was thrilled to be a part of the Zycus Horizon 2016 event as the media partner for the conference. As part of the partnership, I was able to moderate a main stage panel event and present a separate session in the leadership tract. In today’s episode, I provide an overview of the two sessions that I was involved in that cover procurement innovation, and the immediate steps I believe we need to sake to “save” procurement from extinction.

I also share my key takeaways from the activities that I was able to attend – with topics such as the Internet of Things, Relevancy of Procurement, Procurement Innovation and the role of technology in procurement as a competitive advantage (the answer may surprise you).

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“One of my key takeaways from the panel session that I led is how contextual the notion of innovation is.  It really depends on where each company is on their journey, but also the industry and whether their focus is on Direct or Indirect spend.”

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About the author

Philip Ideson

Philip Ideson is passionate about the role that procurement professionals and leaders can plan in creating competitive advantage for their organizations in ways that go beyond the traditional value proposition.

Philip founded Art of Procurement as a way for the procurement community to learn from each other, increasing the impact they have on their organizations. In 2017, he co-founded Palambridge, a virtual platform of procurement experts, technology, and intelligence. Palambridge provides a broad range of flexible procurement solutions, available on-demand.

Prior to Art of Procurement and Palambridge, Philip enjoyed a career that spanned the procurement value chain, working across three continents for organizations such as Accenture, Procurian, Ally Financial, Pfizer and Ford Motor Company.