Tag: Lean Product Development

Lean Product Development | Glossary

Prashant MJ Leave a comment

Definition:

A practical approach to accelerating time to market through aggressive waste elimination in planning, resource management, design control and interdisciplinary communication.

Lean Product Development (LPD) compromises of driving waste out of the product development process, improving the way projects are executed and visualizing the product development process.

By closely examining the product development process from a lean perspective, the opportunities to drive out waste and increases value become obvious.

LPD capitalizes the Lean principles to meet the challenges in the Product Development.

Lean Product Development solves the following issues:

  • Reduction of long development cycle times
  • Reducing the high costs of development
  • Reduction of production costs
  • Redevelopment cycles

 

Further Reading:

https://en.wikipedia.org/wiki/Lean_product_development

http://insights.btoes.com/resources/lean-production-and-product-development

 

Second Generation Lead Product Development Workshop with Donald Reinertsen

Prashant MJ Leave a comment

INNOVATION ROOTS announces the two-day ‘Second Generation Lean Product Development’ workshop on 12- 13 September 2016. It will be conducted by Donald Reinertsen, President of Reinertsen and Associates, and the author of ‘The Principles of Product Development Flow’.

This two-day workshop offers an intensive detailing of practical and economically justifiable approaches for ideal application of Lean methods during product development. The goal is learning how to reduce waste, work-in-process and cycle time for products and not sacrifice quality or design in the end. All the while, speeding up the development process.

Lean methods have provided huge economic benefits for over 50 years in product development, and it’s important to utilize them to their best. This workshop helps impart knowledge that helps professionals to develop Economic Framework, Manage Queues, Use Feedback and Understand Variability and Apply WIP concerns to the best of their ability.

Register for the workshop at www.innovationroots.com