Expert Access: Innovating with Suppliers

By Michelle Palmer

February 21, 2011 at 7:09 PM

Innovating with Suppliers to Reduce Costs, Support Growth, and Navigate an Uncertain Economy

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ISM continuing education credit toward recertification

Over the past several years, companies have increasingly focused on joint innovation efforts with suppliers in a variety of areas – product and packaging design, new technology development, business process innovation, and even implementation of new business models. Despite the fact that most procurement and supply chain organizations are being called upon to make supplier innovation a critical priority, results to date have been mixed.

During this webinar, Jonathan Hughes, partner and supply chain practice leader at consulting firm Vantage Partners, shared insights from recent research and client engagements on how to overcome barriers and increase returns from collaborative supplier innovation. Key topics included:

  • The return on investment (ROI) of joint innovation efforts compared to internal innovation efforts
  • The current degree of untapped potential to drive additional innovation in customer-supplier relationships
  • Best practices for engaging in joint innovation with suppliers
  • Assessing and managing the risks of collaborative innovation
  • Why the soft stuff matters, and what to do about it: Building trust, and overcoming cultural barriers like "not invented here" and "customer knows best" mindsets

Presenter:

  Jon_Hughes_Hi-Res_RGB_9-2005_dmsll.jpg     Jonathan Hughes, Partner, Vantage Partners

 

Moderator:

Susan_Avery_71x80.jpg       Susan Avery, Editor in Chief

 

Sponsored by:     2012omxLogo_4c.jpg

 



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Category: Webcast

Michelle Palmer

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