OIG To Examine Major Corporations' Innovation Practices For Use By USPS | PostalReporter.com
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OIG To Examine Major Corporations' Innovation Practices For Use By USPS

The U.S. Postal Service, Office of Inspector General (OIG) intends to award a contract to a qualified organization to assist OIG staff in examining innovation management processes at ten major U. S. corporations to identify best practices/processes that can be adapted for use by the U. S. Postal Service.

According to the notice posted on the Federal Business Opportunities website:

The U.S. Postal Service, Office of Inspector General (OIG) intends to award a labor   hour contract to a qualified organization to assist OIG staff in examining innovation  
management processes at ten major U. S. corporations to identify best  practices/processes that can be adapted for use by the U. S. Postal Service.
 
Background  

The OIG is an independent entity within the U.S. Postal Service. Its mission, in part,   is to conduct and supervise objective and independent audits, reviews, and  
investigations relating to Postal Service programs and operations to promote   economy, efficiency, and effectiveness; and keep the Postal Service Governors,   Congress, and Postal Service management informed of problems, deficiencies, and   corresponding corrective actions.
 
Under the leadership of the Inspector General, the Assistant Inspector General for   Audit is responsible for the Office of Audit (OA). Within OA, the Planning and   Strategic Studies directorate will examine innovation processes at ten major U.S.   corporations to identify best practices/processes that can be adapted for use by the   U. S. Postal Service. The OIG will issue an audit reporting the results of this effort.  

The audit report will discuss:  

  •  The Postal Service’s current innovation strategy and practices;
  •  Obstacles to effective, efficient innovation;  
  •  Benchmarking results; and  

Innovation management best practices that can be adapted for use by the  Postal Service.  
 
Innovation is the development of new products, services and processes. Innovation   differs from invention, in that invention imagines a solution to a problem, but  
innovation turns invention into something that creates value.  
 
Essential components of innovation include:  

1. Leadership that understands and supports the role of innovation in company   success.  
2. A clearly articulated innovation strategy that is consistent with the company’s   business strategy.  
3. Methods for creating and capturing new ideas from multiple internal and external   sources.
4. An objective process for deciding which innovations to pursue and continuously evaluating progress.
5. The ability to simultaneously and cooperatively execute development and commercial activities.
6. A plan to extract value from an innovation over the entire lifecycle of a new product or service.

Identify and document best practices in innovation management. These best practices should present strategies the Postal Service can use to improve its innovation management efforts. The supplier can use benchmarking results and further research as needed to complete this task.

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