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Large Consumer Products Company
Problem While Innovation was an important competitive advantage for this global company, innovation had solely been sourced from its internal R&D organization. Without new innovation, the company would be faced with a massive amount of erosion of market share. Solution Using our Strategic Outsourcing frameworks, and Engines of Innovation processes, we were able to assist this company in reframing its entire supply chain, isolating those suppliers with the greatest potential for creating external innovation.
Working with both the internal procurement teams, R&D, internal cross functional teams, and the supplier, we helped create both internal and external alliances on a global platform. Results New innovation streams have had a major impact on revitalizing old product lines and creating new products, more efficient processes, and greater leverage of internal innovation with external resources. Competitors are reeling, but don’t know how to duplicate the advantage. |
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