Printing and Purchasing

Posts tagged ‘Innovation’

How Maslow’s theory applies to sourcing

Procurement hierarchy based on Maslow’s Theory, starting with basmaslow's_hierarchy_businessballsic business needs [providing goods and services on time, with quality, and at a competitive cost], risk minimization [have backup plan so product or service isn’t disrupted when catastrophe occurs], value / stakeholder satisfaction [elimination of waste, increasing profit, minimal supplier issues], breakthrough innovations [streamline of design workflow allowing new products to market sooner], key relationships [win-win, ideal supplier relationship], based on Maslow’s Theory. Let us know your thoughts.

How Maslow’s theory applies to sourcing. [SpringTide  Consulting article on how Maslow’s theory could be applied to procurement]

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