Practical sheet | REF: FIC0253 V1

Innovating with suppliers

Author: Olaf DE HEMMER

Publication date: August 10, 2011 | Lire en français

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4. How can you organize your innovation partnership to make the most of it?

Once the supplier partners have been selected, the company can implement several processes at different levels to foster innovation.

4.1 Listening to current and potential suppliers

Technology watch is the simplest level, but to be effective it requires a systematic organization for gathering ideas, ideally involving all levels and functions of the company. You need to define the areas to be monitored by the company and the supplier, the contacts and regular means of exchanging information, visits to trade shows, fairs and potential suppliers and service providers (laboratories, R&D and technology transfer centers, engineering companies, etc.).

Today, the term "open innovation" is used to emphasize the openness of our approach,...

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How can you organize your innovation partnership to make the most of it?