Measures the extent to which suppliers help drive innovation through new ideas, technologies, or process improvements that benefit the buying organization.

What it Measures ?

How much value suppliers add by bringing new ideas.

Relevant StakeHolders 

Innovation Teams, R&D Procurement

In-depth Use Case / Real-world Example

In a manufacturing company that produces smart industrial equipment, suppliers not only provide materials but also contribute ideas for new technologies or improvements. For example, a supplier suggesting a more energy-efficient component that reduces operational costs or introducing a new material that improves product performance. Measuring this could include counting the number of new ideas or product improvements implemented through supplier collaboration.