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Innovation Tracking

In much the same way as you track Key Performance Indicators, or milestones that trigger payment to a third party, Hiperos 3PM is flexible enough to let you gauge innovation as part of third party performance management.

Companies can include innovation as part of a third party contract and assign ratings to achieving it, or even assign performance bonuses for generating innovative methods of producing components, savings costs, speeding up delivery, or new approaches to generating sales. Third party innovation should be encouraged and may result in competitive differentiation, price reductions, margin improvement, or faster access to new sales channels.