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.
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.
Key considerations for each step
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
Procurement key themes
- descriptionProcurement process
- descriptionProcurement policies
- descriptionDirect - Indirect
- descriptionSocially responsible procurement
- descriptionHow to write a contract
- descriptionE-Procurement
- descriptionBig data in procurement
- descriptionProcurement cycle
- descriptionPublic sector
- descriptionTypes of procurement
- descriptionWhat is procurement
- descriptionProcurement process
- descriptionProcurement policies
- descriptionDirect - Indirect
- descriptionSocially responsible procurement
- descriptionHow to write a contract
- descriptionE-Procurement
- descriptionBig data in procurement
- descriptionProcurement cycle
- descriptionPublic sector
- descriptionTypes of procurement
- descriptionWhat is procurement
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Definitions of procurement and supply guide
Procurement strategy guide
Digitalisation in procurement guide
Future of procurement and supply
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