Angus McIntosh tells of the similarities and differences working in procurement across a range of industries and the lessons he learnt along the way
Latest
Angus McIntosh tells of the similarities and differences working in procurement across a range of industries and the lessons he learnt along the way
There are many ways to challenge new ideas, but they should all be constructive, cross-functional and structured
Forecasting megatrends can be an exercise in vanity – but it does have a place
Intellectual Property ownership can be a thorny issue in the pursuit of Supplier-Enabled Innovation
The use of dedicated technology systems to support Supplier-Enabled Innovation are increasingly in evidence
Metrics are important – but more advanced SEI organisations are pragmatic with how they are used
Gaining a common understanding of SEI across the business is the first step in developing a successful program
People make SEI happen, which is why developing team capabilities is one of the most critical components of a successful strategy
Whether supplier innovation is extracted via dedicated functions, through category management or R&D is a matter of company culture
Solid supplier relationship management is a precurser to SEI, including advanced supplier segmentation and performance management
Ensuring that an SEI strategy is carefully aligned with wider business goals – as well as key business units – is one of the key enablers of success
Identifying consumer needs must be done cross-functionally and embrace a wide range of external inputs if it is to be successful
Measuring the effectiveness of SEI is no easy task, but there are ways to prove the value it brings
Managing and sharing knowledge is a crucial element of Supplier-Enabled Innovation and key to the success of any initiative
A variety of technology and information systems can be utilised in the pursuit of SEI
The process of generating ideas can include supplier days, crowd sourcing, open innovation and cross-functional brainstorming sessions, among other approaches
Innovation is a relatively intangible deliverable and, as a result, strong governance must be in place to ensure its delivery
Creating hundreds of ideas is all well and good but a robust challenge process is crucial to ensure that precious resource is spent on the right projects
Procurement must be involved in the implementation of innovation too, playing a key role in facilitating the process of bring a new concept to production
A key component of SEI is to ensure that relevant stakeholders across the business are engaged at a suitable level to enable successful collaboration