Which concept involves speeding up both research and product development processes?

The concept that involves speeding up both research and product development processes is simultaneous engineering. Simultaneous engineering is an approach that focuses on the concurrent development of products and processes, allowing teams from various disciplines to work together in real time. This collaborative approach enables faster decision-making and reduces the time it takes to bring a product to market by integrating different stages of product development, such as design and manufacturing, rather than treating them as separate sequential steps.

In comparison to the other concepts, lean manufacturing aims to minimize waste and optimize efficiency within manufacturing processes, which may indirectly support faster development but does not specifically address the integration of research and product development phases. Just-in-time production focuses on inventory management and the timing of production to reduce holding costs, rather than the speed of the development process itself. Traditional project management often involves a sequential or waterfall approach to tasks, which may slow down the overall development time due to the dependencies between phases.