Last month on a short flight home I was asked by my seatmate what I did for work. I told him that I worked for Kalypso, a consulting firm exclusively focused on innovation. He explained that he worked at a large food and beverage manufacturer and that for his company, like many others at the moment, innovation had become an increasingly popular topic of discussion.
Like most engineers, I learned about rules of interchangeability back in school. These rules help companies decide whether a product change should require a new item number or simply a revision of the same item number. The standard “form, fit and function” (F/F/F) definition has served the needs of discrete manufacturers well for a long time. But what about formulated products? Continue reading