Leverage Open Innovation to find new ways to increase process efficiency, revenue and improve cost structure.

Manufacturing industry is the core contributor in wealth and job creations and is the main ingredient of any country’s economic health. New age manufacturing is at the frontier of employing new technologies and methodologies and churning products. Manufacturers are clearly affected by the current global economic slowdown, and rising fuel and materials prices. Add to that the challenge of reaching the last mile consumer with affordable price point. The industry is now compelled to strategize and innovate its offering in a cost effective manner. Companies need innovative approaches to address above problems. Ideas for innovative approaches could come not only from within the company but also from the ecosystem such as dealers, suppliers, partners and customers.

Open Innovation enables Manufacturers to engage all stakeholders in the ecosystem to collaborate and assist in addressing the challenges and business goals that the Company is aiming for. Presenting a Platform for these stakeholders to ideate, collaborate, brainstorm, improvise and co-create becomes of paramount importance. Cross functional ideas can conjoin to churn best in class solutions or product lines. SpadeWorx’s Ideacomb, the Idea Management solution is based on Microsoft SharePoint 2010 for Internet Sites. It enables open innovation by providing following capabilities

Open Innovation (OI) provides following benefits to the manufacturing organization:

To know more please send your queries to information@spadeworx.com, you can also visit www.ideacomb.com to get more details on the product.