Doing more with less is a mandate for virtually every firm, and innovation is crucial to long-term survival. Lean Product Development applies the waste-elimination philosophy of lean to the product development process, allowing firms to reduce time to market, development expense, and other product development risk, while improving resource utilization and product costs. Download a PDF of the LPD One Pager
Firms that embrace Lean Product Development have reported:
- Up to a 50% reduction in launch schedule
- Dramatic improvements in gross margin
- Enhanced customer satisfaction
Under the umbrella of Innovation and Growth Services, MEP helps firms transform their product development process through services and resources such as Lean Product Development, Lean Product Design, and Lean and Sustainable Product Design Toolkits.
For example, a Lean Product Development service called "Quickstart" workshop provides a step-by-step methodology for integrating lean into a client's product development process. Scaled to their size, workshops address a company's specific needs, introducing them to an ideal Lean New Product Development process and to Lean Product Development tools and methods - many of which can be applied immediately.