ProcureCon Pharma US 2016 (past event)
October 26 - 28, 2016
Contact Us: 1.888.482.6012
Edward McAndrews
Head of Procurement
AstraZeneca
Check out the incredible speaker line-up to see who will be joining Edward.
Download The Latest AgendaStrengthening Internal and External Partnerships to Further Today’s Procurement Organization
Tuesday, December 5th, 2017
08:55 Getting Started with Supplier Enabled Innovation: Unlocking Value from Your Trusted Partners
Not only are your suppliers the links in your value chain, but could also be a source of innovation for your business. They have capabilities and resources that your organization could benefit from. But getting started with this takes a lot of coordination, both with internal stakeholders and your suppliers. It involves a lot of trust and in some cases, a shift in mindset for you internal stakeholders, who don’t feel comfortable passing off some aspects of their role to people outside of your business. Once suppliers are involved in the development process, procurement takes a seat at the strategy table—going beyond reducing costs and improving efficiencies to focusing on building value and profits. This session will look at how procurement teams can be:
-Pursuing most favored-status with critical suppliers capable of building competitive advantage Increasing suppliers’ margins -Bringing new solutions to internal business owners when they might not have an awareness
-Supporting innovation to business units
-Working through varying challenges across different regions-
-Identifying and clarifying Potential confusion about the role of internal R&D resources new and more complex responsibilities for the company’s procurement organization
-Pursuing most favored-status with critical suppliers capable of building competitive advantage Increasing suppliers’ margins -Bringing new solutions to internal business owners when they might not have an awareness
-Supporting innovation to business units
-Working through varying challenges across different regions-
-Identifying and clarifying Potential confusion about the role of internal R&D resources new and more complex responsibilities for the company’s procurement organization