Optimize your NPD Process

Optimize your New Product Development process

With an idea bank, you know you have a source of wealth for the future.

The situation today

You are in charge of the New Product Development process. Your company has implemented a Stage-Gate structured approach to manage NPD projects. Your managers have captured ideas across the company, mainly from R&D employees. Over the years they have collected a fair number of ideas that you have stored in different Excel files. Your innovation committee sits regularly to review these ideas and decide which ones to develop.

With I-Nova you can:       

• Facilitate the capture of ideas inside and outside the company, identify correlations between them and ensure global understanding of the topics addressed.
• Reduce the workload involved by idea assessment, cut down the time spent on selection and reduce risks when picking winners.
• Standardize the idea selection process and improve idea quality before moving on to the development stage.
• Set up a qualified database of relevant project proposals to be launched.
• Track and secure your ideas.   
• Facilitate Network Collaboration for reviewing ideas.

Mind pooling provides fuel for thought and action.

The I-Nova Idea Bank solution is the most complete and efficient solution for capturing, reviewing and selecting ideas.

In addition, I-Nova provides:

• An Innovation database. Getting ideas to come spontaneously requires a decentralized approach in which each business area has a high level of autonomy in handling its idea portfolio.
• Links with internal customer feedback and scientific databases.
• Dedicated tools for your Idea Network Manager in charge of:
1. Capturing ideas from employees, partners and customers,
2. Developing and reviewing ideas with Internal Technical, IP and Market experts.
• Automated processes for developing and reviewing ideas.
• Innovation Support committees for screening and selecting ideas.