Despite this, the majority of supplier interactions remain tactical and lack insight or integration. Most organisations struggle to give their strategic suppliers due attention – and a third don’t even know how their suppliers are performing.
The future of procurement demands a new, supplier-centric model; one which integrates relationships, drives performance & innovation and mitigates risk.
A supplier-centric procurement model will allow suppliers to:
A global technology business has moved towards a supplier-enabled innovation mind-set by launching an open innovation portal for suppliers, companies and individual inventors to share ideas and collaborate on innovation challenges.
Moving to the supplier-centric model requires:
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Learn how you can deliver innovation through a supplier partnership model.
It’s no longer business as usual for procurement. The scale and speed of transformation required to address market disruption is extraordinary
Success requires a blueprint for turning disruptive events into opportunities to drive competitiveness and growth.
This is what the future demands of procurement. Contact us today to start moving forward.