Procurement tends to lag other functions in innovation activities and crowd sourcing. Innovation opportunities such as RFX functionality have been adopted sporadically (more indirect rather than direct), while the opportunities for ‘crowd-sourcing’ of procurement has been mostly ignored. This has brought forward the fact that procurement is missing out on alternatives, or even better, sources of supply, particularly during periods of supply constraint or disruption.
Goals and Objectives
Procurement innovation/crowd sourcing improves both the awareness and the ability to connect to alternative sources of supply and innovation opportunities. This better supports efficiency and innovation goals.
Enterprise Hardware, Personal devices, Cloud/Platforms, Big data/analytics, Mobile, Applications, Connectivity Services,
Use Case Summary
Procurement innovation/crowd-sourcing opens up the procurement options and opportunities for both direct and indirect procurement. The use of procurement innovation and crowd sourcing makes it far easier for procurement professionals to identify alternative sources of supply – some cheaper, some faster ….. some just better.