Related term
Demand Amplification
A tendency observed in multi-step processes, in which the production orders received by each upstream process are more…
View termWhat is Product Family?
A product and its variants that pass through similar processing steps and common equipment just prior to shipment to the customer.
Meaning and application in management
A product and its variants that pass through similar processing steps and common equipment just prior to shipment to the customer. The significance of product families for lean thinkers is that they are the unit of analysis for value stream maps, which are defined starting from the last step before the customer. See: Product Family Matrix and Value Stream Mapping.
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