Key Components Driving Procurement Strategy PPT

This PPT slide, part of the 26-slide Innovation-driven Procurement PowerPoint presentation, outlines a framework for understanding procurement strategy, emphasizing 3 key components: Company DNA, Role of Procurement, and Type of Innovation. Each component plays a crucial role in shaping how procurement functions within an organization.

Starting with Company DNA, the slide suggests that open innovation can be positioned either as an additional resource or as a core element of the company's strategy. This indicates that the organization’s foundational values and operational principles significantly influence how it approaches procurement and innovation.

Next, the Role of Procurement is highlighted. It states that procurement is not just a transactional function, but is actively leading open innovation initiatives. This suggests a shift towards a more strategic role where procurement can drive innovation rather than merely support it. The open innovation function is noted as having the lead, which implies that procurement is increasingly responsible for integrating innovative processes and contract management.

Finally, the Type of Innovation is discussed, with a spectrum ranging from more disruptive to more incremental innovations. This differentiation is vital for organizations to understand the nature of the innovations they are pursuing and how procurement can align with these goals.

The concluding note emphasizes that while Company DNA serves as a foundational input rather than a direct lever, it remains essential for defining procurement's role and vision within the broader innovation strategy. This insight is critical for executives looking to enhance their procurement strategies to foster innovation effectively.

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Procurement Strategy Open Innovation Innovation