Concurrent Engineering | Emphasizes cross-functional integration and concurrent development of a product and its associated processes.
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Contract Manufacturer | An organization capable of manufacturing and/or purchasing all the components needed to produce a finished product or device.
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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.
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House of Quality | Form that helps a product design team translate customer requirements into operating and engineering goals.
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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.
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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.
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