Innovation in Procurement & Sourcing
"84% of executives believe innovation is critical to success"
So, what is Innovation? - Innovation is the commercially viable implementation of creative ideas. Who is best positioned to lead innovation? - Your Business.
But driving innovation by going it alone can distract from core business, limit creativity and diminish ROI.
Your internal business is most likely to fund the innovation, it is your business where the beneﬁts of innovation could be realized, measured and reported. Hence, being more than two degrees away from your business could limit success of an innovation program in Procurement.