Supply Base

Supplier-Enabled Innovation: Select Suppliers Carefully and Reap Big Benefits

Posted: 05/02/2022 - 00:00
Supplier-Led Innovation

Today, a lot of the low-hanging fruit has been picked by CPOs. But one area where there is significant scope for procurement to deliver value is supplier-enabled innovation (SEI). With 25% to 45% of revenues coming from product innovation and up to 65% of innovations sourced externally through external partners and suppliers, SEI represents a treasure trove of opportunity.

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