OKRs to implement operational excellence in product development
The essence of a successful product development process relies on engineering operational excellence. To achieve this, it is critical to understand your performance metrics and use the right tools to gather, track, and understand these metrics. By focusing on these operations, we can streamline product development, improve efficiency, minimize errors, and ensure a high-quality product. It establishes a benchmark against which we can measure our continuous improvement efforts and re-strategize in accord with the findings, thereby ensuring a sustained path to operational excellence in our product development endeavors.
Implement operational excellence in product development
Train 100% of development team on Lean Six Sigma tools by quarter end
Provide training material to all team members
Schedule Lean Six Sigma training sessions for the team
Confirm all team members complete the training
Reduce product development cycle time by 20%
Provide employee training on rapid prototyping techniques
Implement efficient project management methodologies
Streamline approval processes and eliminate unnecessary steps
Introduce 3 new metrics to monitor operational efficiency in product development process
Implement tracking systems for chosen metrics
Identify potential metrics for tracking operational efficiency
Train team on understanding and utilizing new metrics