Lean product development might mean different things to different organizations, but let’s start with the 5 principles of lean manufacturing and see how it can be applied to the product development process.
The 5 principles of lean product development might look something like this:
What makes this complicated is the product development process impacts product value, as well as the manufacturing process. Therefore, our goal statement for a lean product development value stream can be summarized as follows:
Now that we’ve applied the lean principles to product development, the next article will provide some easy-to-follow objectives and identify tools and methodologies which will help us achieve this goal.