Bringing high quality innovative products rapidly to market is not easy. It requires lots of efforts on part of the product developer and manufacturer before this objective can be achieved. Most business fields are hyper competitive and it is important to use lean product development principles to reduce costs and achieve highest efficiency possible. The lean efficiency principles must be applied at all stages of product development process. The same lean principles that are used in the manufacturing sector can be used for product development with some modifications. It is necessary to standardize, manage and improve product development processes continuously.
The time it takes to develop a product can be reduced 30-50 percent by limiting variation, improving processes, limiting reworks and managing the capacity in a better way. Adoption of lean processes for product development helps bring quality products to the market in the quickest way possible. It results in consistent high quality products. The speed to market principles should be used as a foundation for product development processes.
