DATE
Optimization of the innovation chain
Improving the efficiency and effectiveness of the innovation chain, from idea generation through to the launch of a product or process (total life-cycle management).
Challenge
The client was a leading chemical company with approximately 8,000 employees in R&D and an R&D budget of approximately EUR 500 million, the client asked us to improve the efficiency and effectiveness of the total innovation chain, from an initial idea through to the launch of a product or process (total life cycle management).
Approach
We supported an internal consulting team of approximately 15 full-time employees with knowledge in methodology and benchmarking, and best-practice examples.
Value
The client introduced new methods to generate ideas and prioritize them. Overall time to market was reduced by 30 per cent.
Optimization of the innovation chain
Improving the efficiency and effectiveness of the innovation chain, from idea generation through to the launch of a product or process (total life-cycle management).
DATE
Challenge
The client was a leading chemical company with approximately 8,000 employees in R&D and an R&D budget of approximately EUR 500 million, the client asked us to improve the efficiency and effectiveness of the total innovation chain, from an initial idea through to the launch of a product or process (total life cycle management).
Approach
We supported an internal consulting team of approximately 15 full-time employees with knowledge in methodology and benchmarking, and best-practice examples.
Value
The client introduced new methods to generate ideas and prioritize them. Overall time to market was reduced by 30 per cent.