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Set-Based Concurrent Engineering
Lean concept

Set-Based Concurrent Engineering

An approach to designing products and services in which developers consider sets of ideas rather than a single idea. See : Trade-off curves.

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Value
Lean concept

Value

Inherent content of a product or service, as judged by the customer, reflected in its selling price and market demand. The value in a typical product is created by the producer through a combination of actions, some of…

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Value Stream
Lean concept

Value Stream

All the actions, both value-creating and non-value-creating, required to bring a product or service from concept to launch (also known as the development value stream) or from order to delivery (also known as the…

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