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Innovation cycle in procurement and supply

What is the innovation cycle?

The innovation cycle can be used for new product development, technology innovation, supplier co-ordination and market opportunities and evolution. All of which will lead to a competitive advantage and overall improvement for your organisation. The cycle supports procurement and supply professionals to develop and improve processes.

The CIPS Innovation Cycle
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Innovation cycle stages

The innovation cycle is made up of twelve stages. From innovation triggers, to activation, evaluation and monitoring, the cycle guides you through all the stages of innovation. You’ll also find extra information for you to consider regarding your external environment, such as the legal system, economic factors and competitors; all of which play a huge part in innovation.

Digitalisation

Digitalisation

Digitalisation is emerging front and centre in today’s hypercompetitive global network. Take a look to find out why.

Find out more about Digitalisation

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Access the latest research, whitepapers and tools across a range of key procurement and supply topics.

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Definitions of procurement and supply guide

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Procurement strategy guide

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Digitalisation in procurement guide

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Future of procurement and supply

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  • What is the innovation cycle
  • Innovation cycle stages
  • Key considerations for each step
  • Become a CIPS member
  • Access member only resources
  • Expand your value creation skills