We all know the factors that have led to economic success in the industrial era: access to land, labor, raw materials, capital, machinery, and (in many cases, anyway) a good idea.
Today, all of those traditional advantages are falling away except one: the good idea. We are leaving the industrial era and entering the innovation economy, where manufacturing is a commodity and the idea, a.k.a. intellectual property, trumps all.
And those ideas won’t just be limited to the products or services that you sell. Amazon’s 1-click idea (now patented) has nothing to do with the products it sells, only with how they are delivered. Indeed, managing innovation throughout the value chain – from research and design to delivery and aftermarket service – has become the key to success.
When customers buy ideas instead of products, the systems manufacturers have used to track things throughout the supply chain will instead need to monitor IP in a highly distributed value chain. See all stories on this topic » Keep Reading…
Article Source: : SC Manufacturing