Kirloskar Oil Engines Limited-NPD
From a business standpoint, NPD is of crucial importance for business growth in KOEL. But as in most NPD organizations, the enormous workload, high uncertainty and a heavy dependence on external suppliers had made the task of new product development very challenging. The process was riddled with frequent rework, delays in parts development and production stabilization. But by applying the principles of Theory of constraints and by focusing on the flow of projects in the funnel, rather than individual projects, this division broke out of a vicious loop of delays and capacity wastages. Within one year of implementation, the following major benefits realized.
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Kirloskar Oil Engines Ltd: Accelerating New Product Development (NPD)
By focusing on enabling flow of projects in the New Product Development funnel using the principles of TOC rather than tracking individual projects, KOEL crashed lead time of projects!
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Mr. Hemal Bhuptani