Framework for Capturing Value through Supplier Innovation PPT
This PPT slide, part of the 23-slide Collaborative Supplier Innovation PowerPoint presentation, presents a framework for Collaborative Supplier Innovation, emphasizing its potential to deliver significant benefits when managed effectively. It outlines a structured approach to value capture through a three-phase innovation cycle. The left section of the slide focuses on optimizing the innovation portfolio value, highlighting the importance of developing, evaluating, and improving ideas. This initial phase sets the foundation for subsequent activities, ensuring that only the most promising concepts are pursued.
The middle section addresses the need to increase innovation efficiency and speed. It illustrates a timeline from the beginning of the innovation process to the launch phase, indicating the relationship between time-to-market and time-to-profit. This suggests that reducing the time taken to bring innovations to market can enhance profitability, a critical consideration for any organization looking to stay competitive.
The right section of the slide discusses improving innovation profitability. It emphasizes the importance of enabling a price premium, achieving higher volume, and lowering cost of goods sold (COGS). The graphical representation of cumulative profit over time reinforces the idea that effective supplier collaboration can lead to sustained financial benefits.
Overall, the slide serves as a strategic guide for organizations aiming to leverage supplier innovation. It highlights key areas of focus, such as idea development, efficiency in execution, and profitability enhancement. By following this structured approach, businesses can transform their innovation processes and achieve progressive benefits that contribute to long-term success.
This slide is part of the Collaborative Supplier Innovation PowerPoint presentation.
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