What is innovation manager in SAP PLM-INM - Innovation Management?

SAP Term: innovation manager

• Component: PLM-INM

• Component Name: Innovation Management

• Description: A person in this role drives the innovation process in a company or an organization.

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• Key Concepts: 
  Innovation Manager is a component of SAP's Product Lifecycle Management (PLM) suite. It is designed to help companies manage their innovation processes, from idea generation to product launch. It provides tools for managing ideas, evaluating them, and tracking their progress through the innovation process. It also provides a platform for collaboration between different departments and stakeholders. 
  
  How to use it: 
  Innovation Manager can be used to capture ideas from employees, customers, and other stakeholders. It can then be used to evaluate the ideas and prioritize them based on criteria such as potential impact, cost, and risk. Once an idea has been selected for further development, Innovation Manager can be used to track its progress through the innovation process. It can also be used to facilitate collaboration between different departments and stakeholders. 
  
  Tips & Tricks: 
  When using Innovation Manager, it is important to ensure that ideas are captured in a timely manner and that they are evaluated regularly. This will help ensure that the best ideas are identified and pursued. It is also important to ensure that all stakeholders are involved in the evaluation process so that all perspectives are taken into account. 
  
  Related Information: 
  For more information about Innovation Manager, please visit the SAP website at https://www.sap.com/products/plm-innovation-management.html. You can also find more information about other components of SAP's PLM suite at https://www.sap.com/products/plm-overview.html.