Creating Value Through Lean Product Development – Towards a Generic Framework
Year: 2010
Editor: Andreas Dagman; Rikard Söderberg
Author: Swan, Håkan; Furuhjelm, Jörgen
Section: Conceptualization and Innovation
Page(s): 489-497
Abstract
This conceptual article describes how companies can create value through applying Lean principles in product development. It provides input to a generic framework of Lean Product Development as it defines an explanatory model for effective knowledge capture and reuse. The model consists of a two by two matrix given by a division of, at one hand, product development in two value streams, the Product Value Stream and the Knowledge Value Stream, and at the other hand in two phases, the Concept phase and Implementation phase. With this as basis the article elaborates how the fundamental aspects of Lean Product Development, organizational learning and reuse of knowledge, could take place, thus giving companies that understand and apply the model an opportunity to “outlearn” their competitors.
Keywords: Lean Product Development, Lean principles, knowledge capture and reuse, value stream, concept and implementation phase