As procurement is still often seen as a supporting function it is mainly only involved after a product is already developed which leaves the procurement with a limited supplier base in which they only can negotiate. The value that procurement may deliver is then fully neglected by the business. Involving procurement earlier in the process, or even in the development phase of the product, unties procurement and will give procurement the opportunity to add value. This is also called innovation driven procurement. On this blog: you will find more about this new interesting concept.
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