Best practices in creating an innovation culture (Summary)

Network Outputs - Procurement & Supply Chain

Meeting Details

Host: ITW Networks

Venue: Sartoria, Savile Row, London

Theme: Innovation Exchange: best practices in creating an innovation culture

Guest Speaker: Professor Andrew Douglas

Members at this innovation lunch discussed:

1. How to convince your finance heads of the benefits derived from developing a professional procurement organisation.
2. What the factors that support an ongoing drive to take cost out of the business are, without necessarily reducing specifications.
3. What the key elements associated with implementing a supplier risk management programme are.
4. How to get our key suppliers / service partners to share our business goals.

Meeting Agenda: Procurement and supply chain innovation lunch

12:00 Arrival and drinks

12:10 Welcome, introductions and overview

Professor Andrew Douglas, Network Facilitator, ITW Networks

Andrew will provide an introduction to the objectives of the innovation exchange) and will invite participants to introduce themselves.

Andrew will then share with the group some latest thinking on innovation theory, key factors that support and barriers that inhibit innovation in organisations.

12:25 Lunch is served

Innovation exchange

Three members will share one to two innovative ideas or experiences with the group around one or two of the following headings:

• Organisation structure / management
• Stakeholder Management
• People management
• Supplier Management
• Process related
• Sustainability
• Risk Management
• Use of Technology

13:00 Open experience sharing discussion

The group will identify common trends in the case studies given and hold an open debate on how organisations can encourage and develop an ‘innovative’ culture within their supply chain and procurement team.

13:45 Key take aways

Guests will share what their top insights from the session were and suggest how they can be used in their organisations.

14:00 Close