Future of Procurement Innovation

130: Innovation Broker: Procurement’s Next Frontier, w/ Jon Washington

Back in my days in the automotive industry, supplier led innovation played – and still plays – a key role in the development of new innovative products. Procurement organizations have been set up for a long time to facilitate this process. However, on the Indirect side of things, we still struggle to integrate supplier innovation – certainly at scale.

If you are a long time listener, you will have heard me share my thoughts about the importance of innovation as a key component of the new procurement value proposition. But, where do we start, and how can we enable innovation at scale?

Today’s guest answers those question. I am joined by Jon Washington, founder of The Innovation Garage. Jon help clients increase their profitability through innovation design encompassing products, processes and delivery models.

“It is critical in infuse system based thinking into the pursuit of supplier enabled innovation. Systems to create ideas, systems to communicate them, and systems to commercialize them. That will scale into a future of innovation.  You want to encourage a culture that can fail fast and do small scale experiments on innovation that limits the risk.”

In this episode, you will learn:

  • How Jon defines innovation
  • Why innovation is a lot broader than just product design
  • 5 elements that are key to infusing innovation into an organization
  • The importance of mindset in shifting from a savings-first focus to one that encompasses other value levers
  • Why Jon believes that procurement is perfectly positioned to be innovation brokers
  • Why repetition breeds culture, and how that applies to innovation.
  • How enabling internal innovation pioneers to flourish encourages others to follow their lead.

Links and Resources:

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.

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