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Lean Product Development.pdf

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Preview of Lean Product Development
🔗 Source: core.ac.uk
📊 Size: 2.98 MB
👤 Author: A-M
⬇️ Downloads: 142

Summary

Lean product development (LPD) improves product development processes and firm competitiveness by reducing time to market with higher quality and manufacturability. A performance measurement system (PMS) is crucial in evaluating process efficiency and the effect of new concepts. The study aims to evaluate how firms measure LPD performance, focusing on the definition of LPD as a coherent whole and systematic way. Theoretical frameworks show two approaches: process-oriented and outcome-oriented. Firms consider process-oriented approaches, unique to each firm, and dependent on the company's situation. A PMS should have five elements: objective, dimension, indicator, structure, and processes. Efficiency and effectiveness are main performance dimensions, but firms often fail to measure effectiveness. Setting standards and goals is crucial for PMS success, but some firms fail to set clear visions and goals.

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Description

Lean product development (LPD) improves product development processes and firm competitiveness by reducing time to market with higher quality and...

Technical Information

  • File Format: PDF
  • File Size: 2.98 MB
  • Pages: 64
  • Language: EN
  • Author: A-M
  • Total Downloads: 142
  • Last Updated: 4 hours ago

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