INNOVATION MANAGEMENT IN SUPPLY CHAIN LOGISTICS MANAGEMENT

1. INNOVATION MANAGEMENT IN
SUPPLY CHAIN AND LOGISTICS
• COURSE CODE: SCM - 613
• SECTION CODE: MBA - 18731
• CLASS: Room No. CBM - 115
• INSTRUCTOR: MUHAMMAD AHSAN
• MBA – SCM (IoBM 2015)
• Certified Supply Chain Professional (CSCP)
• Work Experience: Pepsi, Hilton Pharma, Aspin
Pharma.
• Current:
• Aga Khan Development Network
• Institute of Business Management (since 2 years)

2. COURSE OUTLINE
• Basic concept of Innovation, and types of Innovation
• Logistics and Supply Chain Management Development and trends
• Modular IT Support for Integrated Supply Chain Design
• Problem oriented Knowledge Management for efficient Logistics
• Innovation in Warehousing
• The effect of Artificial intelligence and Augmented reality over supply chains
• 3d Printing and impact on Supply Chain
• Control Tower Solution for Supply Chains
• ETC…

3. MARKS DISTRIBUTION
DISTRIBUTION MARKS
Final Exam 40
1st Hourly 15
2nd Hourly 15
Final Report 10
Quizzes 10
Assignments 10

4. WHAT IS INNOVATION……..?

5. INNOVATION IS…..?

6. INNOVATION IS…..?

7. INNOVATION IS…..?
Innovation often refers to
something new, such as an
invention, or the practice of
developing and introducing new
things. In the tech world, an
innovation is usually a new
product, but it can also be a new
way of doing something or even a
new way of thinking.
An innovation starts from a
problem recognition which leads
to finding the best solution for
solving the problem once the
solution is identified and is
achievable it became an
innovation.

8. INNOVATION ACTIVITIES.
• Businesses and organizations who want to stay ahead must evolve and learn from and with their
customers to create better solutions to life’s challenges. The use of innovation activities is one
way to accomplish these goals, and drive business or organizational growth.
• Here are 8 of the most popular activities for innovation to try:
1. Ideation sessions:
– These structured brainstorming sessions allow people from different areas to come together to generate
and share new ideas. Ideation sessions can be conducted in-person or virtually. A trained innovation
coach is recommended to facilitate the session to prompt participants to think outside the box.
2. Hackathons:
– Hackathons are innovation events where individuals or teams come together to solve a specific problem
or develop a new product or service. Hackathons can last anywhere from a few hours to a few days and
are usually open to anyone, including employees, customers, and partners.
3. Workshops:
– Workshops are a hands-on approach to innovation, where participants work together to develop new
ideas and prototypes. These workshops can be led by internal or external innovation experts and are
designed to encourage collaboration, creativity, and problem-solving.

9. INNOVATION ACTIVITIES.
4. Incubators and accelerators:
– Accelerators focus on further developing or “accelerating” existing ideas or models, whereas incubators
are designed to help develop or “incubate” new ideas.
5. Customer research and testing:
– The best innovations are designed around the customer or end user. Understanding who they are and
what they need is essential to finding a solution for their challenge or obstacle.
6. Design sprints:
– Design sprints are fast-paced 4-5 day events including a series of activities designed to help walk
participants through the entire process of innovating, from brainstorming to prototyping.
7. Human-centered design:
– Human-centered design focuses on putting the user at the center of product design and development. The
process requires a deeper analysis of your target audience, including their habits, preferences, desires,
and needs.
8. Service design:
– Innovation isn’t just for creating or designing new products. Service design is an innovation activity
centered around planning and organizing resources in order to improve the employee or customer’s
experiences.

10. IDEA, INVENTION &
INNOVATION…..?

11. INNOVATION & INVENTION.
Invention is often measured as the ability to patent an idea.
If this can be achieved, then it is an invention
The success or failure of an invention depends not only on the ideas chosen by the
organization but also on how well their implementation is managed.
Invention is often about creating something that has yet to be desired by a customer.
Numerous inventions never lead to innovation because they are never brought to the market-
place. If an invention can be exploited and transformed into change that adds value to a
customer, then it becomes an innovation.
Invention need not fulfill any useful customer need and need not include the exploitation of the
concept in the marketplace.

12. INNOVATION & INVENTION.
On the other hand, there are many innovations that do not require invention in
terms of originality. Process and service innovations often involve applying well-
established techniques and technology.
Although it can be argued that this does not encompass invention because it
already exists, it is still a legitimate form of innovation because it is novel to the
organization applying.
Innovation differs from invention in that it is more than the creation of something
novel; it also includes the exploitation for benefit by adding value to customers

13. INNOVATION & INVENTION.

14. INNOVATION & INVENTION.

15. INNOVATION & INVENTION.

16. INNOVATION AND CREATIVITY
• Creativity is regarded as a key building block for innovation (Rosenfeld & Servo,
1991) and is an inherent capability in all human beings.
• Creativity is a mental process that results in the production of novel ideas and
concepts that are appropriate, useful, and actionable.
• The creative process can be said to consist of four distinct phases: preparation,
incubation, illumination, and verification (Wallas, 1926).
• Later revisions of this process have added a final phase, elaboration (Kao, 1989), in
which the idea is structured and finalized in a form that can be readily
communicated to others.

17. INNOVATION AND CREATIVITY
Creativity entails a level of originality and novelty that is essential
for innovation.
Although creativity is a fundamental part of innovation, it is wrong
to interchange the terms. Innovation encourages the further
processing of the output of the creative process (the idea) so as
to allow the exploitation of its potential value through
development
Innovation = Creativity + Belief

18. INNOVATION AND CREATIVITY

19. DRIVERS OF INNOVATION
 Emerging technologies
 Competitor actions
 New ideas from customers, strategic partners, and employees
 Emerging changes in the external environment

20. DRIVERS OF INNOVATION
 Emerging technologies
• In the past, organizations developed technologies in large R&D laboratories;
however, in today’s environment the sources of emerging technology are often far
too prolific for any one organization to develop internally.
• Consequently, organizations expend more resources scanning the environment
for potential technological opportunities.
• Sources of emerging technology can include universities, high-technology
startups, and competing organizations.

21. DRIVERS OF INNOVATION
 Competitor actions
• Competitors can provide a benchmark regarding which projects and initiatives to
pursue.
• Copying competitor innovations reduces risk because the products may have
already been adopted by the market.
• Although such behavior is unlikely to increase market share, it can be effective in
maintaining the status quo by counteracting the advantage to the competitor.

22. DRIVERS OF INNOVATION
 New ideas from customers, strategic partners, and
employees
• In the past, innovations were developed from the insights of a small number of
designers and engineers.
• Now, however, with greater technological complexity and market segmentation,
modern organizations are engaging as many stakeholders as possible in the
innovation process
• New ideas from customers, strategic partners, and employees. This can result in
increased scanning capabilities and better information about market needs.

23. DRIVERS OF INNOVATION
 Emerging changes in the external environment
• All organizations are affected by changes in their external environment; these
changes can be another driver of innovation.
• Environmental changes can occur because of competitor actions that have
revolutionized the business environment or can happen through macro shifts in
the political, economic, cultural, or technological environment.

24. END