Quality Function Deployment (QFD) is a method to translate customer needs into technical requirements for new product development. It was developed in Japan in the 1970s and involves capturing customer needs, prioritizing them, benchmarking competitors, and setting target values. The process results in a comprehensive product specification. Key tools include affinity diagrams, relations diagrams, matrices, and the House of Quality which maps customer and technical requirements. QFD aims to design products that meet customer needs and satisfy them better than competitors.