A clear innovation management process ensures business challenges and innovation briefs are clearly communicated to suppliers, submitted innovations are followed up by the appropriate teams and a transparent evaluation process is in place. Guided and open innovation capabilities enable suppliers to be engaged in identification, creation and management of innovation to meet your business challenges.
The features in the innovation module include the ability to:
- Describe your business approach to innovation as well as the challenges, via a platform-wide page that is visible across all suppliers
- Capture the suppliers' innovations in response to your challenges (‘guided innovations’)
- Capture the suppliers' open (i.e. proactive) innovations and suppliers' continuous improvements
- Assess the suppliers' continuous improvements and provide feedback
- Create and assign innovation-related actions to (internal and supplier) users and monitor progress