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Risk Management in the Procurement of Innovation


In the procurement of innovation, at least one aspect of the whole process carries some uncertainty. The post Risk Management in the Procurement of Innovation appeared first on ProcurePort Blog. The post Risk Management in the Procurement of Innovation appeared first on ProcurePort Blog.

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Innovation Begins With A Question


Innovation is a difficult subject for many organizations. Some companies try to radically innovate, while others take an incremental approach. Sometimes innovation occurs by accident, other times it is the result of a methodical approach. To Innovate, Ask “What Is Possible?”. The status quo no longer existed.


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Maximizing Return on Innovation Investment: 6 Ingredients for Success

SCMR (Supply Chain Management Review)

Learning these six ingredients for delivering innovation from invention serve as a compass for organizations navigating this dynamic market and striving to maximize return on innovation investment.

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Innovation and authentic demand

IBM Supply Chain Blog

Arvind Krishna recently spoke with former IBMer and author Danny Sabbah about a new book he co-authored, The Heart of Innovation: A Field Guide for Navigating to Authentic Demand. In their conversation, Arvind and Danny discussed the secret to determining authentic demand and building innovative products that achieve runaway success.

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Five Best Practices for Balancing Costs, Risks, and Sustainability

This GEP paper provides impactful tips on how to develop a strategic procurement approach that focuses on collaboration, innovation, and sustainability.

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Innovation Ramps Up as Firms Invest in Supply Chain

SCMR (Supply Chain Management Review)

The average company investment in supply chain innovation has nearly doubled in 2023 compared to 2022, according to new research from Catena Solutions.

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Innovation on my mind; innovation in my business

SCMR (Supply Chain Management Review)

Adding innovation planning and goal setting into operations performance metrics and evaluating technology hype cycles, best practices and ROI, both financial and competitive, are critical to business strategy.

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Strategic Cost Management Approaches to Unlock Growth and Increase Profitability

You'll also find out how the transformative power of synergies and collaborative innovations in product development can help companies cut down costs significantly. Discover how these strategies can boost your enterprise's financial health, helping not only to keep up but to excel in today's market.

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The Great Supply Chain Gear-Up: Sustainability and Agility for 2023

Speaker: Peter Kraemer, Chief Supply Officer of Anheuser-Busch InBev

Innovation through exploration, development, and scaling of technology has enabled markets across the globe to remain agile while responding to challenging times. The past few years have shown us that nothing is constant in the supply chain industry. In fact, change is inevitable.

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Virtual Cards — Everything You Need to Know

Speaker: Eoin Hession, Controller at Recharge

If you’ve never had the pleasure of creating a virtual card nor enjoyed the benefits of their approval workflows, automatic syncing to the GL, and continuous audit trail, join us to get up to speed on this increasingly mainstream payment innovation. This webinar will answer the following questions: What is a virtual card?

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Geopolitical & Regulatory Issues: The Path Forward in Supply Chain & Logistics

Speaker: Lisa Anderson, MBA, CSCP, CLTD - President of LMA Consulting Group, S&OP Expert, and Speaker

In this session we will cover: How geopolitical tensions are heating up and how they will reshape the configurations of future supply chains Regulations are also heating up, requiring more innovation and resilience The conundrums and conflicts of interest in achieving sustainability goals, looking at the big picture, and evaluating the geopolitical (..)

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Hot Off the Grill: Optimizing Summer Supply Chains for Seasonal Staples

Speaker: Glenn Koepke and Steve Rotter

Hear success stories from Land O’Lakes, Coca-Cola, and Dollar Tree on how they beat the summer supply chain heat with real-time visibility.

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Smart Stores and Smarter Supply Chains: Innovations for a New Era of Retail

Speaker: Panel Speakers

Shoppers are craving reasons for visiting the store and an enhanced shopping experience; retail stores want more automation, a more enabled staff and a bigger bottom line. As the brick and mortar and ecommerce stores start to blend together, what will the store of the future actually look like?

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The Definitive Guide to Spend Management

Spend management is a different way of thinking and an innovation whose time has come. It consists of messy tech stacks of siloed solutions that give rise to manual work, a lack of control, wasted spend, and unnecessary risks. The benefits of shifting to spend management are tangible, measurable, and are felt across the whole organization.

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Disruption Reimagined: How to Conquer, Not Crumble, During Supply Chain Instability

Speaker: Robyn O’Brien - Founder of Sirona Ventures, Adjunct Professor at Rice University’s Business School, Supply Chain Optimization and Logistics Expert

And, by using tried and true methods of collaboration and innovation between teams, you can equip your supply chain to withstand external factors such as climate change, global banking instability, and more. The question is… how do you get started?