SUPPLY CHAIN
“FOR SUPPLIER INNOVATION TO FLOURISH THIS STATE OF PLAY NEEDS TO TRANSFORM FROM COMBATIVE TO COLLABORATIVE ”
MARK PERERA CEO , VIZIBL
Ask any supply chain or procurement executive what their biggest challenge is and you ’ ll get roughly the same answer : everything . Each issue will impact organisations by varying degrees , but there are dozens that are common to all . Take the climate crisis . While organisations have taken great strides in addressing their own carbon emissions , pledged trillions in investment towards renewable energy and sustainable sourcing initiatives , the ultimate goal of keeping global warming
below 1.5c is an impossible task to tackle alone . Scope 3 emissions , the greenhouse gases pumped into the atmosphere by each member of the value chain , requires collaboration and , ultimately , innovation .
Unlocking Supplier Innovation To unlock the value of that innovation , procurement organisations will need to adapt . The traditional dynamic of forcing an extra percentage point in savings or cutting a cost for the next quarterly report will need to change . Relationship management must evolve from a “ battleground for power ”, says Mark Perera , CEO at Vizibl . “ For supplier innovation to flourish , and for organisations to begin reaping its benefits , this state of play needs to transform from combative to collaborative .”
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