3. How innovative and demanding your product is as compared to
other competitive products.
Product Innovation
Process Innovation
Whether the process that is used to produce a product feasible
enough.
4. For typewriters, George Nichols Engler; for cars, Entry and Exit of Firms in the U.S. Auto Industry: 1894-1992, National
Academy of Science; for aerospace, S. Weiss and A. Amir, “The Aerospace Industry”, in Encyclopedia Britannica
5. Process Innovation
• Lean, SixSigma, Theory Of Constraints, TPS
• Collect data and convert into information
• Analyze it for abnormalities
• Perform measures to overcome them
11. Process Innovation
• Lean, SixSigma, Theory Of Constraints, TPS
• Collect data and convert into information
• Analyze it for abnormalities
• Perform measures to overcome them
12. Measures to overcome issues
DMAIC
Define, Measure, Analyze, Improve, Control
KAIZEN
Change for the better (Japanese Word)
KANBAN
Visual Card (requirement based production)
JIT
Just In Time
PARETO CHARTS
The purpose is to highlight the most important among a (typically
large) set of factors.
5S
Sort, Straighten, Scrub, Standardize, Sustain