article thumbnail

Procurement's Best-Priced Deal May Stifle Innovation

Harvard Business Review

When I politely point out procurement's role in selecting, shaping and paying for partnerships, the answer I get astonishes: We can reimburse our suppliers and partners out of another budget. I have never come across a procurement department with a post-procurement "innovation budget" to fund emergent ideas or supplier-driven proposals.

Price 15
article thumbnail

Do We Need A Recruitment Agency For Robots?

The Horizons Tracker

Internalize the costs of automation (and their benefits) – With a particular focus on the total cost of ownership (TCO). Most of those with successful deployments revealed that their leaders understood the TCO for automation projects very well.

TCO 75