The role and place of the procurement process in the functioning of the open innovation model of manufacturing company

V. I. Pleshchenko ()

Russian Journal of Industrial Economics, 2018, vol. 11, issue 4

Abstract: To ensure competitiveness in the face of accelerating scientific and technological progress and the digitalisation of socio-economic processes the modern industrial companies should not be limited to internal environment during the process of search and implementation of innovative solutions. These enterprises are conducting an active search for new solutions in the open market and attracting external experts, using the communication potential of the World Wide Web. This model which called as «open innovation», has gained in popularity. Its use leads to the inevitable transformation of the existing business processes in the enterprise, one of which is the procurement process. Open innovation become a new stage in the development of the logistic function, already passed the way from the technical supply function to the procurement division gained the status of one of the key centers of cross-functional and inter-firm interaction on industrial enterprise. An important prerequisite for the success of open innovation, implemented jointly with our suppliers is the availability of long-term partnerships. The further evolution of the procurement function within the model of open innovation should lead to the integration of the procurement division to the acquisition of the results of intellectual activity, not only as a commercial service in company but as the operator of system of knowledge management and network crowd sourcing platform providing information and expert support to take management decisions on those or other innovative solutions offered by external suppliers. The formation of expert community is intended to reduce the risks associated with the procurement of obsolete intangible assets and the illegal use of the results of intellectual activity.

Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:ach:journl:y:2018:id:705

DOI: 10.17073/2072-1633-2018-4-387-393

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