I got a link from a colleague with a presentation on Lean development at Jaguar and Land Rover by Baback Yazdani. The interesting part starts after 14 minutes.
See the presentation, it is one of the best I've heard that focuses on lean product development (instead of lean manufacturing), and acknowldges the fact that not all value created by PD can be measured in money (for example the ability to do rapid development is a product of doing development). He also states that the critical issue of lean in PD is about reducing lead time.
One of the key things I think everybody should remember from the presentation is that you should not (cannot) utilise a development organisation more than 70-80% if you want to go lean. If you do that there will not be enough "thinking time" to identify potential improvements.
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