How One Buyer Used Supplier Innovation Days to Cut Costs 18 Percent

The Buyer's Side with Fexingo: Procurement, Sourcing, and B2B Purchasing Decisions · Jul 13, 2026 · 9m · transcript

In this episode, Lucas and Luna explore the concept of Supplier Innovation Days — structured events where buyers invite key suppliers to pitch process improvements and cost-saving ideas. The episode centers on a mid-sized industrial manufacturer that used this approach to cut annual spend by 18 percent, saving over $2 million. Lucas explains how the company set up a competitive but collaborative framework, avoided common pitfalls like supplier fatigue, and turned a routine procurement event into a source of continuous improvement. Luna questions whether the model works for smaller buyers and…