Innovation in Procurement - Collaboration is Key

Nic Walden - Head of Procurement Advisory Membership Programmes for the Hackett group Welcome to episode five of the People Innovation Podcast, where we are speaking Nic Walden. Originally from New Zealand, Nick moved back to the UK 20 years ago and worked in strategic finance and procurement before moving into consulting and he’s now been at Hackett for 11 years where he works with over 300 different global clients. Listen out for: How Procurement is experiencing rapid change How technology is driving a lot of change Discussion about ‘Innovation scouting’ Topics discussed: What Procurement is and what value it brings to businesses large and small How Innovation is important to procurement How innovation and procurement can increase revenue How Hackett partner and collaborate with suppliers Supplier Relationship Management - the opportunity for organisations to take a more systematic company-wide approach to supply management with top tier suppliers who can generate the most value Transactions and Interactions in internal and external relationships Learning from other parts of the same business Problem of implementing a new engine in an organisation - Don’t be afraid to start small and look to sale over time 6 months / 1 year / 2 year - demonstrate success Advice to Procurement teams - regarding innovation Links: From Fragile to Agile: Innovation in the Fourth Industrial Revolution Innovation Ecosystem book Hackett Group Procurement Social Media: Nic Walden's Linkedin Joe's Linkedin Twitter Facebook

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Innovation in Procurement - Collaboration is Key is an episode from The People Innovation Podcast by The Innovation Beehive.

This episode is 00:33:53 long.

This episode was published on Jul 22, 2019.

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