Supplier innovation is one part of procurement’s managing supplier strategy. Procurement can use new digital technologies and systematic approaches to make a success of supplier innovation which is digitally manage a more complex supply chain and accelerate the performance of the strategic supplier.
Connect and coordinate suppliers’ information ecosystem to delivers maximum flexibility, visibility, efficiency, collaborative, secure, agile, and sustainable by implementing the right digital tools. Besides that, able to manage suppliers more transparency, and can streamline many processes to improve the productivity of procurement operation.
So, the organization should be trying to more understand the importance of technology for supplier innovation. Once the organization using a digital tool will improve overall efficiency by performing transitionally manual tasks with paperless, help to identify relevant suppliers, and develop an effective working relationship based on business needs.