Procurement’s ability to innovate is significantly constrained if we do not fully leverage the capabilities of our strategic supply partners.
When innovation replaces cost management as the primary objective in a project, nearly every other element must change as well. Information sharing needs to be frequent and transparent, trust needs to be present and mutually assured, and the resulting gains need to be shared. The suppliers selected for innovation projects are likely to be few in number, but they can have a huge impact on a company’s growth and market share.
Set your sights on innovation with these supplier engagement resources.