
LPD is designed to accelerate the product development process by taking out the 9 wastes commonly found in PD and by changing the way the PD process works. It’s no longer as simple as “stages & gates”.
Lean Product Development (LPD) is the application of the 5 Lean Principles to Product Development Processes:
1. Define Value
2. Map the Flow of Value
3. Achieve Continuous Flow
4. Pull
5. Seek Perfection
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