Procurement, indeed the entire supply chain, should be a key partner in the business innovation process – yet often they are not. While many companies operate a gate-based innovation funnel, it is usually manual or excel based and key participants are often uninformed which leads to delays, excessive launch costs or the inability to ‘fast fail’.
Goals and Objectives
This improves the efficiency of the overall innovation process by using a more integrated, digital innovation process tool.
Enterprise Hardware, Personal devices, Cloud, Big data/analytics, Mobile, Applications, Connectivity Services, Cognitive, 3D Printing
Use Case Summary
Digital product innovation means digitalizing the process of moving a ‘product’ from Ideation to launch with full organizational involvement and key stakeholder input in real-time. The ability to comprehensively manage innovation in real-time means fewer delays, less cost and the ability to iteratively advance more promising ideas while also killing unpromising ones.