Overview:

This series of reports explores how companies can get the most innovation from their suppliers. We look at which levers provide most impact and how they can be implemented into procurement.

Part three focuses on:

• Procurement is often best-placed, and best equipped to generate new both new products and processes) from its suppliers. The tools that it has at its disposal – supplier relationship management, contracting, crowdsourcing, etc. – can be strategically used and re-purposed to emphases the new need for innovation.

• In many organisations, the innovation process is a partially implemented concept. It is important to recognise the entire innovation cycle: from ideation to implementation. We have see that one of the key differentiating factors between leaders and followers is a robust process in the form of a dedicated SEI programme.

How to use this report series:

This series will provide you inspiration on how to influence your supplier relationships and a clearer direction of procurement’s future role. It will also  enable you to benchmark your own SEI efforts and find out what other companies are doing in terms of SEI.