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Innovation 'essential to improving procurement management'
Companies seeking to improve the quality of their procurement procedures have been reminded of the necessity to embrace new ideas.
Paul Teague, contributing editor of industry publication Procurement Leaders, has stated that innovation is the "lifeblood" of any organisation, with procurement management proving no exception to this.
As such, the expert said it is imperative that any new ideas proposed during a meeting are given a proper hearing to assess whether they have potential to be developed into something worthwhile.
Mr Teague said innovation can also be encouraged by inviting staff and suppliers to bring in fresh ideas, even if this requires coaching and active coaxing.
"Innovating isn't easy. It takes a willingness to question things and to risk having your ideas challenged. And contrary to conventional wisdom, it takes discipline," he added.
This comes after research from Ardent Partners last month revealed that delivering savings and improving processes are the key issues affecting procurement professionals at present.
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