Lean Product Development
The principle of Lean Product Development incorporates lean design, development, and engineering into a holistic approach to product development. A company that implements a Lean approach to product development bases all of its products on a lean approach so that every stage in the value and supply chains minimizes waste and maximizes efficiency.
Take a look at the Aras White Paper: http://www.aras.com/PLM-Software/100037.ASPX