What is reward in SAP PLM-INM - Innovation Management?

SAP Term: reward

• Component: PLM-INM

• Component Name: Innovation Management

• Description: A benefit awarded to the authors of an idea that has passed a phase in the innovation process successfully.

Smart SAP Assistant

• Key Concepts: 
  Reward is a feature of SAP PLM-INM Innovation Management that allows users to recognize and reward employees for their innovative ideas. It is designed to motivate employees to come up with creative solutions and to encourage collaboration between teams. Rewards can be given in the form of points, badges, or monetary rewards. 
  
  How to use it: 
  To use the reward feature, users must first create a reward program. This can be done by setting up a reward system with specific criteria for awarding points or rewards. Once the program is set up, users can then assign rewards to employees based on their performance or contributions. Rewards can be assigned manually or automatically based on criteria such as number of ideas submitted, number of ideas implemented, or number of ideas accepted. 
  
  Tips & Tricks: 
  When setting up a reward program, it is important to consider the type of rewards that will be given out. Monetary rewards may be more motivating than points or badges, but they may also be more expensive. It is also important to consider the criteria for awarding rewards and how often they will be given out. 
  
  Related Information: 
  SAP PLM-INM Innovation Management also includes features such as idea management, collaboration tools, and analytics. These features can help users track and manage their ideas and collaborate with other teams more effectively. Additionally, analytics can help users measure the success of their reward programs and identify areas for improvement.