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

SAP Term: innovation office

• Component: PLM-INM

• Component Name: Innovation Management

• Description: A part of SAP , where ideas are guided through various phases of the innovation process after their submission. The innovation office also offers functions for setting up campaigns, reporting, configuring the system, and so on.

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• Key Concepts: 
  The SAP Innovation Office is a component of the SAP PLM-INM (Product Lifecycle Management - Innovation Management) suite. It is a tool that helps organizations manage their innovation processes, from idea generation to implementation. It provides a centralized platform for managing ideas, tracking progress, and measuring results. It also enables collaboration between teams and stakeholders, allowing for faster decision-making and improved innovation outcomes. 
  
  How to use it: 
  The SAP Innovation Office can be used to manage the entire innovation process, from idea generation to implementation. It provides a centralized platform for managing ideas, tracking progress, and measuring results. It also enables collaboration between teams and stakeholders, allowing for faster decision-making and improved innovation outcomes. The tool can be used to create an innovation roadmap, track progress on projects, and measure the impact of innovations. 
  
  Tips & Tricks: 
  When using the SAP Innovation Office, it is important to ensure that all stakeholders are involved in the process. This will help ensure that ideas are properly evaluated and that decisions are made quickly and efficiently. Additionally, it is important to set clear goals and objectives for each project so that progress can be tracked and measured accurately. 
  
  Related Information: 
  The SAP Innovation Office is part of the larger SAP PLM-INM suite of tools. Other components of this suite include Product Lifecycle Management (PLM), Product Data Management (PDM), and Supply Chain Management (SCM). These tools can be used together to create an integrated system for managing product lifecycles, from design to delivery.