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A68 - Concurrent Practices: The Basis of Today�s Best Practices

Concurrency, Society Of Concurrent Product Development, Inc., Dedham, MA, USA
-- Pages 2-7

Description: While industry is always looking for fresh ideas to improve the product development process, this article reinforces the idea that the established principles of Concurrent Engineering and Concurrent Product Development underlie newer practices such as Lean Product Design and Design for Six Sigma. The paper provides a historical account of product development from the Taylor Assembly Line Principle of the 1920s through today's concurrent practices. It discusses the hidden costs of poor product requirements and discusses how a formal 2-1/2 step selection process can eliminate pitfalls. It stratifies corporate innovation strategy into five levels or "Quintiles of Adoption" according to a firm's propensity for risk.

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