| Concurrent Engineering | Emphasizes cross-functional integration and concurrent development of a product and its associated processes.
|
 |
|
|
| Contract Manufacturer | An organization capable of manufacturing and/or purchasing all the components needed to produce a finished product or device.
|
|
|
|
| Core Competency | The one thing that a firm can do better than its competitors. The goal is to have a core competency that yields a long term competitive advantage to the company.
|
|
|
|
| House of Quality | Form that helps a product design team translate customer requirements into operating and engineering goals.
|
|
|
|
| Quality Function Deployment (QFD) | Process that helps a company determine the product characteristics important to the consumer and to evaluate its own product in relation to others.
|
|
|
|
| Value Analysis | Analysis with the purpose of simplifying products and processes Value Engineering (VA/VE) by achieving equivalent or better performance at a lower cost.
|