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Innovation in Procurement: Alternatives to Traditional Practices
In a live discussion, Erika Novak is joined by Paul Campbell, Dean Edwards, and Roger Jellicoe to discuss business innovation, how to incentivize it, and how to approach procurement with alternatives to standards.
Companies constantly talk about being innovative and championing internal innovation as keys to their competitive success. However, what does that actually look like? What’s required to help facilitate that? Embracing innovation typically requires breaking from the standard and accepting some manageable risk, which can contradict typical Procurement and Finance goals.
For example, working with innovative start-ups requires a different approach than a standard Request for Proposal (RFP). So what are the alternatives to enable collaboration with innovative partners?
- What innovation in business really means
- How procurement can be a barrier to innovation
- When there's an exception to standard processes like competitive bidding and RFPs
- How Procurement help its company become a "Partner of choice" for innovative companies
About Paul: Paul Campbell has been a thought leader in corporate innovation for more than two decades. His experience with a broad range of business models, technologies, and products around the world lends him a unique perspective on the changes in business innovation and leadership. He provides listeners an overview of innovation developments, where they have led us, and what we can expect in the future.
Paul Campbell successfully built new businesses that generated billions in revenue for companies like Hewlett-Packard, Philips Electronics, Schneider Electric, W.L. Gore & Associates and Btomorrow Innovation, an innovation entity of BAT. As Chief Innovation Officer at multiple companies, Paul helped leadership teams assess the cultural, structural and leadership changes necessary to foster an environment of innovation in large companies that matches the speed of startups that optimizes capital deployment and return on R&D and Innovation programs. All total, Paul has helped companies earn a spot on the list in four of the ten years that Fast Company has published its Most Innovative Companies List. Paul is an advisor to the World Economic Forum, the European Commission and numerous accelerators/incubators around the globe. He lectures at bay area universities on the unique leadership and organizational approaches necessary for large companies to capture disruptive innovations that lead to outsized growth and Fast Company recognition.
About Dean: Dean Edwards is the former VP of Global Strategic Sourcing, Corporate Real Estate and Facilities at Levi Strauss & Co where he built a state-of-the-art procurement process, drastically reducing selling, general and administrative costs by over $650M and improved operational performance by streamlining processes, procedures and introducing cost-effective systems.
Prior to his time at Levi Strauss & Co, Edwards spent a decade in operations and procurement roles at Yahoo! and Kaiser Permanente. At Yahoo! Edwards reconfigured the company’s performance with respect to global operations which led to a $70M/year savings. As Chief Procurement Officer of Kaiser Permanente, Edwards delivered a $1B zero-based savings against $6B in spend.
Edwards is based in the San Francisco Bay Area and is a University of Leicester alumni.
About Roger: Roger Jellicoe is an independent consultant for startup and major OEM organizations focusing on tech strategy, product strategy, product design, consumer research and business development. Prior to starting Jellicoe Consulting, Roger was the VP of Devices R&D at Intel Corporation, where he managed a $400M annual budget and led a staff of 2400 people in creating mobile phone and tablet platforms. Most notably, Roger led the development and delivery of Android based Dell Venue 8 7000, the world’s thinnest tablet in addition to the Dell Venue 10 7000 with the detachable keyboard.
Prior to his successes at Dell, Roger spent 15 years at Motorola where he spearheaded the development of Motorola’s trend setting Droid X smartphone and the Razr - the world’s thinnest flip-phone.
Roger is based in the San Francisco Bay Area and is a University of Cambridge alumnus.
About Erika: Erika Novak is a seasoned Contingent Workforce thought leader and practitioner with 14 years of experience. She has built and evolved Enterprise Contingent Workforce programs during her time at eBay and LinkedIn, consulted Fortune 500 companies while at Brightfield, and has now moved into building products with Utmost as their Head of Client Services.