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The Kaizen strategy can be used for an ongoing improvement process and to evaluate total quality control and make strategic management improvements. In this assignment, you will apply your understanding of the Kaizen concept.
To complete this assignment, read the following scenario and complete the assignment as directed.
An organization decides to implement the Kaizen process for improving the security for access to and from the organization building. Select two of the following components of the Kaizen process and discuss how they are necessary for improving the security process:
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Syntech is offered credit terms of 2/10, net 40, but decides to forego taking the cash discount and pays on the 45th day. What is Syntech's cost of foregoing the cash discount?
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