Arkansas Manufacturing Solutions: Creating Systematic Continuous Innovation for Manufacturing (Sponsored Report)

by Arkansas Business Staff  on Monday, Jul. 9, 2012 12:00 am  

Discover – The value proposition of the innovation is further refined using analysis and estimating tools. “Death threats” are identified that could potentially derail the innovation. Ideas deemed viable are reviewed in 7-day cycles of learning using Deming’s Plan, Do, Check, Act (PDCA) approach to deal with these threats in a “Fail Fast, Fail Cheap” process approach. Using this process, these death threats are either resolved or the idea is killed before investing significant expense and time.

The goal is to limit up-front cost to approximately 5 percent of investment dollars and one-third of development time. This preserves investment capital for ideas with a higher likelihood of success.

Develop – As the innovation is ready to further develop toward implementation or market commercialization; Innovation Engineering tools, or processes such as R&D, Stage-Gate, Design for Lean or Six Sigma, may take over.

Deliver – Innovation projects are then managed through product introduction or implementation.

Keeping the pipeline full and active is critical to sustaining the innovation process. Innovation concepts at the “Define” stage may be numbered in hundreds, while at the “Deliver” stage, perhaps only one or two. This provides a continuous systematic approach to the innovation process with increased speed and decreased risk.

Innovation coaching and project services are available from AMS. In addition, the Arkansas Innovation Marketplace is a free online service that can link manufacturers, innovations and potential suppliers, in essence creating a “match.com” for manufacturing. Register today by clicking here.

 

 

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