Olympus Optical Co. Ltd., a Japanese camera manufacturer, applied kaizen costing to address costing issues. During trial production management discovered that costs were about 10% above target and 5% higher when the product entered mass production making the total cost overrun 15%. Normally, the earlier 10% cost overrun would have led to either the postponement or cancellation of the project. But Olympus Optical proceeded with the Stylus Zoom because the company considered it to be a flagship pr...

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5.5.5 Implement systems for managing production/delivery
5.5.3 Improve process/product performance

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