Improving the NPD Process by Applying Lean Principles: A Case Study Bimal P. Nepal‚ Texas A & M University Om Prakash Yadav‚ North Dakota State University Rajesh Solanki‚ RTI International Metals Abstract: This article extends the new product development (NPD) literature by presenting a case study of a lean product development (LPD) transformation framework implemented at a U.S. based manufacturing firm. In a departure from typical LPD methods‚ in this article the design structure matrix
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This particular case depicts the history and issues faced by a relatively small company active in the custom architectural millwork industry for the past 25 years. The new owners wanted the newly-acquired company to grow even further. The first few months seems to have been a success - Marcus spent a lot of his time with employees and customers‚ learning the field since he was‚ as mentioned in the text‚ an "outsider". However‚ keeping the company’s integrity and image intact was a priority. However
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ORGANIZING THE ENTERPRISE Why do you go to business? Reasons: 1. Personal Satisfaction – they enjoy challenges and risk-taking ventures. Their business success gives them a sense of fulfillment. 2. Family involvement- they feel it is their responsibility to continue the business of their parents‚ especially if it is profitable. 3. Independence and power- they want to be the boss. 4. Social Activities- there are people who are really born socializers. 5. Profit experience- some
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Ohno Don’t Lean on Me! A partial Biography on Taiichi Ohno and the Lean System Topics of Discussion: -Transportation and Unecessary Inventory -Underutilization of Employees -Defects -Excess Motion -Overprocessing
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PRINCE2 Question: I am studying E2 at the moment. Under the topic of PRINCE2‚ both the BPP book and the official Learning System state that there are 8 components and 8 processes. However‚ when I studied for the PRINCE2 exam using the official PRINCE2 Manual‚ there should be 7 components and 7 processes. I am wondering if this is a mistake in the BPP book? If there is a question in the exam on PRINCE2‚ shall I answer 7 processes or 8? Response from tutor: 7 will be more than plenty so do not worry
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Lebanon Lebanon is a Middle Eastern country that is delimitated to the west by the Mediterranean and to the east by the Syro-African Depression. Lebanon borders Syria to the north and to the east‚ and Israel in the south. Lebanon’s climate is "Mediterranean"; mild to cool‚ wet winters‚ and hot‚ dry summers. Some of Lebanon’s natural resources are the limestone‚ salt‚ water and iron ore. Like any other country there are natural hazards such as dust
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International Poverty Center Poverty‚ Growth and Income Distribution in Lebanon This article highlights Lebanese aspect: This Country Study is based on a full national report that is the first to draw a profile of poverty in Lebanon based on money-metric poverty measurements of household expenditures. The report provides a comprehensive overview of the characteristics of the poor and estimates the extent of poverty and the degree of inequality in the country. It finds that nearly 28 per cent
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LEBANON‚ 1958 Unrest in the Middle East This paper was written with the intent of the reader gaining a further knowledge of the role the United States intervention played in stabilizing Lebanon in 1958‚ when the country was on the brink of civil war. The paper briefly gives a summary on the state of Lebanon‚ how a civil war was nearly imminent‚ and why the United States got involved. The U.S. military had no idea what they would encounter in country but were prepared
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Case Analysis: Marvel Enterprises‚ Inc.__________________________________________ Marvel Enterprises‚ Inc is an industry leader of character-based entertainment‚ building its foundation on publishing comic books and licensing character rights over the past seventy years. After encountering some hardships in the late nineties‚ Marvel repositioned itself as a powerful global firm under the leadership of new CEO‚ Peter Cuneo. He developed a strategic recovery plan‚ allowing Marvel to overcome bankruptcy
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“Auerbach Enterprises uses machine hours as the cost driver to assign overhead costs to the air conditioners. The company has used a company-wide predetermined overhead rate in past years‚ but the new controller‚ Bennie Leon‚ is considering the use of departmental overhead rates beginning with the next year. “(Schneider‚ 2012). One product is affected more than the other by use of departmental rates rather than companywide rate. “Companies can choose to use the accounting job order costing method
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