Lean Product Development
What is Lean Product Development?
Lean Product Development is a series of events, that help you increase product efficiency and profitability, and upgrades the efficiency of product development. This is accomplished by cutting out "wastes" such as: lack of available resources and clear prioritization of projects, poorly defined product requirements, little to no communication, over-designing and not enough consideration for the manufacturing of a product.
This structured process is designed to assist any organization in developing new products. It is conducted as a series of five to eight separate events, each two to three days in duration. The events are:
- Project Kick Off: Basic project plan is established, milestones are defined, a risk mitigation plan is developed, and initial actions needed are determined.
- Market Requirements Event: Team will define market needs and segmentation, and translate customer needs into prioritized design requirements and features.
- Cost Optimization Event(s): A structured process to reduce the overall cost of design while maintaining the integrity of the product and its ability to meet market needs
- Design Review Event: Team will evaluate the concept design and conduct design and cost validation
- Production Readiness Event: Ensures transition to product manufacturing will run smoothly
Benefits:
- New Product Development focused on customer-defined requirements
- More efficient utilization of designers and developers
- Increased profits generated per hour of design time
- Increased collaboration and communication within design team, and with operations
- Increased profit margins through cost-reduction initiatives
- Decreased Time-to-Market
CAMT Lean Product Development Webinar.
For more information, please contact CAMT at 303.592.4087 or fill out our contact form here.