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

SAP Term: innovation process

• Component: PLM-INM

• Component Name: Innovation Management

• Description: A process of systematically planning and controlling product and other innovations. The campaign manager defines the innovation process by assigning an innovation process model to a campaign.

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• Key Concepts: 
  Innovation process is a term used in SAP's PLM-INM Innovation Management component. It refers to the process of creating, developing, and managing new ideas and products. This process includes activities such as idea generation, concept development, prototyping, testing, and commercialization. It is an important part of the product lifecycle management (PLM) process. 
  
  How to use it: 
  The innovation process in SAP's PLM-INM Innovation Management component can be used to manage the entire product lifecycle from idea generation to commercialization. It allows users to track ideas, develop concepts, create prototypes, test products, and launch them into the market. The innovation process also helps users to identify potential risks and opportunities associated with new products. 
  
  Tips & Tricks: 
  When using the innovation process in SAP's PLM-INM Innovation Management component, it is important to ensure that all stakeholders are involved in the process. This will help ensure that all ideas are considered and that the best solutions are chosen. Additionally, it is important to track progress throughout the innovation process so that any potential issues can be identified and addressed quickly. 
  
  Related Information: 
  For more information about SAP's PLM-INM Innovation Management component and its innovation process, please visit the SAP website or contact your local SAP representative. Additionally, there are many resources available online that provide detailed information about the innovation process and how it can be used to manage product lifecycles.