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Supply Chain's Secret Weapon for Innovation

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Hospice_Houngbo
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Supply Network Guru
Re: Supply Chain's Secret Weapon for Innovation
Hospice_Houngbo   3/27/2013 3:12:00 PM
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!@HM,

" Still electornics industry want to spend their R&D funds only in design updates"

It is all about security and not dive into what they don't know. As I said in a previous post, companies don't rush to change their operation processes unless something/somebody is pressing them to do so. But it is really important that the Suppy Chain industry not lag behind the adoption of new technologies to improve its services. 

Hospice_Houngbo
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Supply Network Guru
Re: Think tank required for innovation to succeed
Hospice_Houngbo   3/27/2013 2:02:38 PM
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It is indeed good for the Supply Chain industry to innovate to suit customer's demand. But this can only be succesful if the management understands the benefits that the design of a new product or a new service will bring to the industry. Otherwise it is better to focuss on improving the existing products that have worked well so far.  

prabhakar_deosthali
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Supply Network Guru
Think tank required for innovation to succeed
prabhakar_deosthali   3/27/2013 1:24:05 PM
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In my opinion, for a company , if it wants to be ahead of its competition, It is not just the management, R & D budget or better engineering dept but above all these a company requires a think tank which comprises of level headed people who can assess the innovation requirements in their company's products, systems ( supply chain included) and dispassionately  asses the return on investment.

 

Himanshugupta
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Supply Network Guru
Re: Supply Chain's Secret Weapon for Innovation
Himanshugupta   3/27/2013 12:55:33 PM
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A company may be spending more or less with bigger R&D staff or not but if we can decode what makes company tick in Innovation then we can find a holy grail of innovation. Its still not clear whether better innovation require better management guidance or superior engineering staff or better work policies which foster technical growth in staff among other things.

HM
User Rank
Stock Keeper
Supply Chain's Secret Weapon for Innovation
HM   3/27/2013 6:46:06 AM
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While its a very good point that companies may spend good amount of funds in innovation of supply chain but in reality its very rare. Still electornics industry want to spend their R&D funds only in design updates. Because if it works its a direct profit. But I do agree that innovations in supply chain must be encoraged as a part of company's vision to see overall growth and profit.



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