Procurement of Innovation: Understanding its Importance for Business Growth

The procurement of innovation is essential for organisations to stay ahead of the curve and meet the evolving needs of their customers. By working with external partners, companies can access cutting-edge technologies and expertise, which can help them to develop new products and services that meet the needs of their customers. However, it is important for companies to approach the procurement of innovation with a strategic mindset, and to have a robust procurement process in place to ensure that they are acquiring the right products and services at the right price.