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

SAP Term: innovation process model

• Component: PLM-INM

• Component Name: Innovation Management

• Description: A summary of configuration settings defining the innovation process used in a specific campaign. The innovation process model describes the sequence of phases and assigned status models.

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• Key Concepts: 
  The SAP Innovation Process Model (IPM) is a component of the SAP Product Lifecycle Management (PLM) suite. It is designed to help organizations manage their innovation processes, from idea generation to product launch. IPM provides a comprehensive set of tools and processes to help organizations identify, develop, and launch new products and services. It also helps organizations track the progress of their innovation projects and measure their success. 
  
  How to use it: 
  The SAP IPM allows users to create an innovation process model that is tailored to their organization’s needs. This model can be used to define the stages of the innovation process, such as idea generation, concept development, prototyping, testing, and launch. The model also allows users to define the roles and responsibilities of each stage, as well as the resources needed for each stage. Once the model is created, users can use it to track the progress of their innovation projects and measure their success. 
  
  Tips & Tricks: 
  When creating an innovation process model with SAP IPM, it is important to consider the resources available to your organization. This will help ensure that your model is realistic and achievable. Additionally, it is important to ensure that all stakeholders are involved in the process so that everyone understands their roles and responsibilities. 
  
  Related Information: 
  SAP IPM is part of the SAP PLM suite, which also includes modules such as Product Data Management (PDM), Quality Management (QM), and Manufacturing Execution (ME). These modules can be used in conjunction with IPM to provide a comprehensive solution for managing product lifecycles. Additionally, SAP offers a range of services and support for customers who are using IPM or other components of the PLM suite.