RESEARCH ON RELATIONSHIP OF TECHNOLOGICAL CAPABILITY AND SPEED OF NEW PRODUCT DEVELOPMENT IN THE INDUSTRY OF MASSIVE WOOD
<p style="text-align: justify;">Higher level of finalization of new product and production of furniture presents the challenge for all manufacturers of wood. Production of massive wood furniture becomes dominant and presents extraordinary chance for wood product manufacturing industry in B&H. Being introduced with the process capability of the certain company and certain processes, which preceded by built prototype-samples, is of crucial importance for successful agreement and further business cooperation with customers. The aim of this paper work is to determine the most influencing factors on the capability of technological process and to make ranking of criteria influencing on stability and to compare them with factors that have influence on the speed of new product development and to determine correlation between them.<br />Research, carried out in this work, gave the result on estimation of technological capability, done with the company management, including the research related to the speed and development of new product development looking at the same time characteristic spots for improvement of quality management. Results of this research will be the starting point for defining relations between technological capability and the speed of new product development and their relations will be examined throughout χ2 test which<br />will be confirmed throughout the contingency test and Spearman's rank correlation coefficient.</p>