Procurement leaders met with the Science Exchange team to discuss the challenges and opportunities they are facing as they seek to effectively accelerate innovation while mitigating risk in outsourced R&D.
Summit attendees responded to a survey asking them about specific aspects of their R&D outsourcing process. 72% of the respondents agreed that procurement was viewed as a “necessary partner” in an “arduous process”– neither standing in the way nor adding value. In the survey, we uncovered these ‘arduous’ aspects of outsourcing that posed major barriers to innovation. […]