Innovation is of vital importance for the survival and grow of European Companies in the today global and competitive world and it is obvious that European companies need to close the “innovation performance gap”.
Innovation is the process of identifying unmet needs and fulfilling them with new products, services and procedures. This effort leads to a new style of organization, with great competitive advantages.
Despite the obvious need for innovation, companies find it difficult to organize and manage this complicated process, which involves all company’s departments but also Customers, Suppliers and other Partners.
Efikton® Innovation Management is here to make it easy.
Efikton® Innovation Management offers a complete Collaborative Innovation Management framework, which supports the implementation of all Innovation Steps.
Designed after 4 years of research and development within the AVALON Project (one of the major European Projects in the Innovation Management of a network of companies) and based on the open Efikton® SOA-B3 Platform, Efikton® Innovation Management offers unique features and benefits.
FEATURES OF EFIKTON INNOVATION MANAGEMENT
Idea Repository – the base of collaborative communication, where information, ideas, problems and claims are declared and discussed
Agreements declared through the idea management process are maintained and always accessible to all the participants. Agreements could be:
1) Memorandum of understanding
2) Letter of Intend
5) Expected Results
6) Intellectual Properties
Innovation execution – All the activities of the innovation process from evaluation methods up to prototyping and rollout are managed in a unified collaborative manner. Innovation Execution incorporates three major groups of activities:
- Innovation Evaluation Methods & Decision Assistance
PCM (Pair Comparison Matrix)
FMEA (Failure mode and effects analysis)
Collaborative QFD (Quality function deployment)
Pugh Matrix (Concept selection method)
AHP (Analytical Hierarchy Process)
PPA (Product Potential analysis).
- Planning & Scheduling of innovation activities
- Control of activities
Shop Floor Monitoring
Meeting Management – organizes all the meetings during the innovation process.
Set of discussion topics.
Documentation of results and following actions
Knowledge Change – makes able to keep track of all the changes in several company knowledge aspects. Changes are modeled in an organized matter, allowing clarity and easy follow-up.
BENEFITS OF EFIKTON INNOVATION MANAGEMENT
1) Enable Collaborative Innovation
2) Stimulate Creativity
3)Preserve any Idea for improvement
4) Hear the Voice of your Customers
5) Motivate all your personnel towards new organizational capabilities
6) Set clear targets and objectives
7) Take in-depth decisions
8) Plan Innovation Resources, Time and Cost
9) Control the innovation process
10) Evaluate the results
11) Benefit of Service Oriented Architecture & B3 (Business
12) Process Management – Business Rules – Business Intelligence)