NW : Large infrastructure and engineering projects increasingly utilise consortium commercial relationships , where pain / gain sharing models reward innovation in design , planning , and delivery of the projects to deliver outcomes ahead of initial project budgets – including in terms of cost , time , quality , and service .
What are common barriers to leveraging supplier expertise ? BR : The lack of an integrated co-creation and collaboration model between companies and suppliers remains an obstacle to developing innovative ideas . Another obstacle remains the lack of the organisation and governance of supplier-collaboration programmes ' formal structures and processes .
NW : The typical barriers are not having the right innovation-related roles to discover or scout for innovation , not working with the right suppliers aligned to your innovation goals , and not having the right buyer / supplier partnering relationships in place to enable innovation to happen .
What are the main benefits of leveraging supplier innovation ? BR : One of the most significant advantages of
52 September 2022