Innovation-driven Procurement (PowerPoint PPT)

DESCRIPTION

Procurement is shifting from a traditional cost-cutting role towards a more strategic function, whereby it actively contributes to growth. With this shift, Innovation is beginning to play a more important role within Procurement. About 10% of mature Procurement organizations have already contributed significantly to their companies’ growth.

This framework focuses on how to transform Procurement into an Innovation-driven organization. In order for Procurement to truly embrace Innovation and support the Innovation Strategy, the Procurement Operating Model must be examined and adjusted accordingly.

We examine each of the 5 key dimensions in the Procurement function:

1. Strategy
2. Organization
3. Processes
4. People
5. Culture

Other topics discussed include Company DNA, Organizational Patterns, Agile Processes, the Supplier Selection Matrix, among other topics. This deck also includes a set of slide templates for you to use in your own business presentations.

This PPT provides a comprehensive guide on transforming procurement into an innovation powerhouse. It delves into five critical dimensions: Strategy, Organization, Processes, People, and Culture. Each dimension is meticulously examined to ensure procurement aligns with and supports the broader innovation strategy of the organization.

The framework outlines five key practices to foster innovation within procurement. These include setting outcome-oriented goals without constraints and organizing innovation tours to regions known for their advancements. The document also emphasizes the importance of forums where suppliers can propose ideas and commit to investments, ensuring a collaborative approach to innovation.

The role of procurement strategy is highlighted as a crucial lever for enhancing the procurement value proposition. By focusing on company DNA, the type of innovation, and the role of procurement, organizations can drive significant growth. This document also includes templates for organizational patterns, supplier selection matrices, and other tools to aid in the implementation of an innovation-driven procurement model.

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Source: Best Practices in Innovation, Procurement, Supplier Management PowerPoint Slides: Innovation-driven Procurement PowerPoint (PPT) Presentation, LearnPPT Consulting