Organization X installs new machine technologies to identify latent key performance indicators (KPIs).

Let’s delve into the details of each technique:

Quality Function Deployment (QFD): QFD is a systematic approach for translating customer requirements into appropriate technical requirements during product development. It involves categorizing product features based on customer satisfaction and functionality. QFD can enhance products and services by aligning them with customer needs and preferences. However, it focuses more on design and customer requirements rather than identifying latent KPIs34.

TRIZ Approach: The Theory of Inventive Problem Solving (TRIZ) is a methodology for systematic innovation and creative thinking. It helps engineers invent by identifying contradictions, formulating and solving design problems, and eliminating or mitigating contradictions. While TRIZ is valuable for problem-solving, it doesn’t specifically address KPI identification56.

Kano Model: The Kano Model analyzes customer needs and emotional responses to product features. It categorizes features into three types: expected needs (basic requirements), normal needs (satisfiers), and exciting needs (delighters). While the Kano Model provides insights into customer preferences, it doesn’t directly focus on KPI identification34.

Failure Mode and Effects Analysis (FMEA): FMEA systematically identifies potential failure modes, their causes, and their effects on processes, products, or systems. It assesses severity, occurrence likelihood, and detectability to prioritize risks. FMEA is particularly useful for enhancing quality, reliability, and safety by preventing or mitigating failures. It aligns well with strategic planning efforts by addressing risks and improving performance12.

Given the context of identifying latent KPIs for strategic planning, FMEA is the most relevant technique. It helps uncover potential risks and prioritize actions to enhance value in both the short, medium, and long term12.

References: 1: Guide: Failure Modes and Effect Analysis (FMEA) - Learn Lean 6 Sigma 2: Guide to Failure Mode and Effect Analysis – FMEA - Juran Institute