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Thought leader: How to get early supplier involvement right

Procurement Leaders

For many procurement and supply chain leaders, it is standard practice to involve suppliers early when developing new products and services. Moreover, Toyota, in particular, had set up ingenious systems for collaborative product development by delegating tasks to its closely connected suppliers – its supplier keiretsu.

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How Procurement can help to drive Supplier-led innovation

ivalua

This means companies are under more pressure than ever to innovate at pace. As a result, the role of the supplier has grown in importance – for example, much of the innovation in the aerospace market comes from suppliers rather than traditional aerospace firms. Cost-focused approaches block innovation.

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How to Choose the Best Suppliers with E-Sourcing Software

ProcurePort

In today’s fast-paced business environment, maintaining a competitive edge requires innovation and efficiency. Streamlining Supplier Management Traditionally, supplier management involved laborious tasks like […] The post How to Choose the Best Suppliers with E-Sourcing Software appeared first on ProcurePort Blog.

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How Payment Innovations can Improve Supplier Relationships & Working Capital

ivalua

The post How Payment Innovations can Improve Supplier Relationships & Working Capital appeared first on Ivalua.

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Innovation Begins With A Question

ivalua

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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Forrester Collaborate to Win – Unlocking Supplier Innovation & Value

ivalua

The post Forrester Collaborate to Win – Unlocking Supplier Innovation & Value appeared first on Ivalua.

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Procurement Strategies and Innovation – A CPO treasure chest

Spend Matters

So it was good to see a nice mix of both presenting at Procurement Strategies and Innovation (PSI) last week. PSI is a good place not only to hear from but to meet the innovators in this space, not just the developers and service providers but the people who interact with them. Supplier Master Files have changed, he said.