Industrial Engineering and Cost Reduction During Product and Process Life Cycles

 

MIT SMR MAGAZINE FALL 2004 RESEARCH FEATURE

Achieving Full-Cycle Cost Management

Robin Cooper and Regine Slagmulder

October 15, 2004

https://sloanreview.mit.edu/article/achieving-fullcycle-cost-management/

Olympus Optical manages costs throughout a product’s life cycle. To do so, the company deploys five major techniques: 

(1) target costing - IE for Cost Reduction to achieve target cost. (value engineering)

(2) product-specific kaizen costing - Product IE - DFMA

(3) general kaizen costing, - Process Industrial engineering

(4) functional group management - Creating profit centers for intermediate process chart stages.

(5) product costing. - Cost measurement at each stage of progress.

Cost Savings Through

STANDARDIZATION, SIMPLIFICATION, SPECIALIZATION

in

Electrically Operated Household Appliances

Prepared for

MUTUAL SECURITY AGENCY

Productivity and Technical Assistance Division

by the

United States Department of Labor

Maurice J. Tobin - Secretary 

Bureau of Labor Statistics

Ewan Clague Commissioner

December 1952 Washington , D. C.

https://books.google.co.in/books?id=2tkVT93UgX0C

Ud 10.1.2022

Pub 6.1.2022