CIO Straight Talk - Issue 7 - 69

69

I can turn to my colleagues and show them how we've identified $5 million
worth of savings that's deliverable using just $500,000 worth of investment in fulltime employee time. That's $4.5 million worth of savings we can take to the bottom
line immediately. We try to make the benefit as concrete as we can.

the process, representing a win for

an incremental change. While there

end, all of our innovations, whether

both parties. An investment that

is always a need for innovation on

small or large, have an impact on our

improves a process, for example,

even the smallest of things, we have

patients. That's the reason why we are

makes it easier for the supplier to

broadened our focus to include larger

all here and what keeps driving us to

manage that process and also delivers

programs that will make a more

do better every day.

better results for us.

significant impact on Shire's ability

Our original incremental
innovation process has gone through

to enable people with life-altering
conditions to lead better lives. In the

The Takeaways
* Small-scale innovation can have a surprisingly big impact in terms of cost savings and improved efficiency.
* When you have run out of ideas for innovation, tap the creativity of the entire IT team, effectively crowdsourcing
your innovation initiative.
* Despite the regular demands that people have on their time, encourage the people who generate the ideas to see
their innovations through. The most effective execution of a good idea will come from someone who knows his or
her area inside and out.



CIO Straight Talk - Issue 7

Table of Contents for the Digital Edition of CIO Straight Talk - Issue 7

Contents
CIO Straight Talk - Issue 7 - Cover1
CIO Straight Talk - Issue 7 - Contents
CIO Straight Talk - Issue 7 - 1
CIO Straight Talk - Issue 7 - 2
CIO Straight Talk - Issue 7 - 3
CIO Straight Talk - Issue 7 - 4
CIO Straight Talk - Issue 7 - 5
CIO Straight Talk - Issue 7 - 6
CIO Straight Talk - Issue 7 - 7
CIO Straight Talk - Issue 7 - 8
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CIO Straight Talk - Issue 7 - 11
CIO Straight Talk - Issue 7 - 12
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CIO Straight Talk - Issue 7 - Cover3
CIO Straight Talk - Issue 7 - Cover4
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