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Lean philosophy has the following 5 aspects to it.
- Value: Precisely specify the value of the new product
- Value Stream: Identify the value stream in each product
- Flow: Allow the values to flow without interruptions
- Pull: Let the customer pull value from the design team
- Perfection: Continuously pursue economical perfection
How can wastes be eliminated in the Product Development process?
Lean philosophy aims to remove the wastage in the product development cycle. Here are some ways wastes can be eliminated in the product development process.
- Avoid slower or delayed learning cycles
- Constant switching between project works
- Poorly run meetings
- Poor documentation
- Poorly run meetings
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