Latest / The Buyer's Side with Fexingo: Procurement, Sourcing, and B2B Purchasing Decisions
How a Buyer Cut Costs with a Supplier Innovation Challenge
In episode 156 of The Buyer's Side, Lucas and Luna explore how a mid-sized manufacturer used a supplier innovation challenge to cut component costs by 22 percent. They break down the structure of the challenge, the scoring criteria, the prize, and the unexpected benefits — including a new product idea that boosted revenue. Learn how to run your own challenge, avoid common pitfalls, and why supplier collaboration can be a powerful cost-cutting tool.
#SupplierInnovationChallenge #Procurement #CostCutting #Sourcing #B2BPurchasing #Business #FexingoBusiness #BusinessPodcast…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.