Enhancing Procurement Value through Innovation Strategy PPT

This PPT slide, part of the 26-slide Innovation-driven Procurement PowerPoint presentation, outlines the critical role of Procurement Strategy in enhancing the value proposition of procurement within an organization. It emphasizes that a significant shift in the Procurement Operating Model is necessary, driven primarily by innovation. The text suggests that innovation can substantially elevate the effectiveness and perceived value of procurement functions.

Three key components are identified as driving the Procurement Strategy: Company DNA, Type of Innovation, and Role of Procurement. "Company DNA" likely refers to the inherent characteristics and culture of the organization that influence its approach to procurement and innovation. Understanding this aspect is crucial for aligning procurement strategies with the broader organizational goals.

The "Type of Innovation" component differentiates between disruptive and incremental innovations. This distinction is important as it guides how procurement can adapt its strategies to leverage different types of innovations effectively. Disruptive innovations may require a more agile and responsive procurement approach, while incremental innovations might focus on optimizing existing processes.

Lastly, the "Role of Procurement" highlights how procurement can be positioned not just as a cost center, but as a strategic partner in driving innovation. The slide suggests that when procurement is given a clear mandate with explicit objectives, it can operate effectively in a "push" mode, actively promoting innovation internally and externally.

Overall, this slide serves as a foundational overview for organizations looking to rethink their procurement strategies in light of innovation. It encourages leaders to consider how their procurement functions can evolve to better support organizational objectives and drive value.

This slide is part of the Innovation-driven Procurement PowerPoint presentation.

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Procurement Strategy Value Proposition Agile Innovation

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