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Related Experiment Videos

A strategy for company improvement.

L Howley1

  • 1Stryker Howmedica Osteonics, Limerick, Ireland. auraine.howley@emea.strykercorp.com

Medical Device Technology
|August 1, 2000
PubMed
Summary

This study demonstrates how kaizen methodology principles boosted company productivity by 67%. Continuous improvement efforts also led to a 10% reduction in product costs without significant capital investment.

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Area of Science:

  • Business Management
  • Operations Research

Background:

  • Kaizen methodology focuses on continuous improvement.
  • It aims to enhance company performance with minimal capital outlay.

Purpose of the Study:

  • To examine the application of kaizen principles in a company setting.
  • To quantify the impact of kaizen on productivity and cost reduction.

Main Methods:

  • Implementation of simple kaizen principles.
  • Analysis of productivity and standard cost data before and after implementation.

Main Results:

  • Achieved a 67% increase in company productivity.
  • Reduced the standard cost of product by 10%.

Conclusions:

  • Kaizen methodology is effective for significant performance improvements.
  • Lean strategies can yield substantial operational and financial benefits.