Optimization of the innovation chain
Chemicals

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.