IDPro is an innovative web application where both product developers/manufacturers and suppliers from different industries can securely connect and develop their future cooperation.
From our vantage point, the proposed IDP Web Application with AI-supported capabilities will fundamentally differentiate the business process onto three key components:
1. To help find scarce sources of innovation capabilities. These capabilities are not easy to find in part because suppliers typically are used to being mere contractors delivering according to specifications and directions. Finding sources of innovation supply requires knowledge of markets and technology. Besides being able to find the right supplier, the buying company needs to make itself attractive enough to the supplier to ensure resources are secured for the buyer rather than its competitors.
2. To be involved in innovation projects from start to finish. Procurement will have to re-align its value proposition to innovation projects as the values to measure success (time-to-market, product success, project efficiency, ROI) is very different from what Procurement traditionally delivers (savings, contract compliance, risk reduction).
3. To be able to manage supplier involvement collaboratively. This requires early procurement involvement in innovation projects to set supplier involvement strategies and drive them all through the project and possibly beyond. We are creating a system where both sides of the process will register and have their profiles. Thus, project developers are able to not only add a description of the final product but to upload videos and visualizing elements of what the result of the manufacturing process shall be.
At this point, the procurement team can simplify the search of potential suppliers by preparing and posting quotes and descriptions of parts that the company will be looking for. This way the potential suppliers can see the amounts, timelines, details, and most importantly purpose of providing their goods, and eventually be the part of the greater project. Once the vendors review the projects available, they can easily send an offer or communicate with the manufacturer using our Web Application.
We would like to acknowledge that modern society as well as markets are growing into the consciousness phase of making choices and being involved in something that is sincerely interesting and beneficial in all aspects to each participant.