What is kaizen, Managerial Accounting

Assignment Help:

What is kaizen

Kaizen is the Japanese term for continuous improvement. The kaizen concept was pioneered by in Japan by Toyota as daily challenge to all its to improve their processes and working environment little by little over time the effect of these small incremental changes compound into significant improvements to a company s value added company position.

Today the kaizen approach is endorsed many time using different name by consultants lean operation practitioners and teams of all workers in companies worldwide to bring about lasting and continuous positive change to all types of process.

Kaizen efforts are usually focused on improvement within a workstation or the local work area where a small group of individuals (the kaizen teams ) seek to improve their own work environment and productivity. The tools available to these kaizen teams have long about been little more than pencil paper a stopwatch and their knowledge of the process.

With recent advance in technology and widespread consumer use video is now becoming the tool of choice for those involves in kaizen initiatives.

Timer pro professional offers extremely easy to use video analysis tools designed specifically to compliment kaizen activities quality improvement initiatives and to facilitate on going operator training and knowledge transfer.

 


Related Discussions:- What is kaizen

What are the 7 feed from control to planning, 7 feed from control to planni...

7 feed from control to planning It is realized these days more than even before that management control is primarily a human activity which should focus on how to help individu

Loan syndication, Loan Syndication : There are two ways of syndication a...

Loan Syndication : There are two ways of syndication as: direct lending and through participation. - Direct Lending: regarding "direct lending" all the lenders sign the loa

Consortium lending, Consortium Lending: As the financial needs of a singl...

Consortium Lending: As the financial needs of a single unit are more than a single bank can cater to, then more than one bank comes together to finance the unit jointly spreading

Multiple products, differentiate between multiple product , selling cots an...

differentiate between multiple product , selling cots and margin management

Analysis of financial ratios, Analysis of Financial Ratios: Ratios are com...

Analysis of Financial Ratios: Ratios are computed to find out the customer's liquidity position and capability to repay debts. The computed ratios must be compared along with the

State programmed budget, Explain about Programmed budget It having expe...

Explain about Programmed budget It having expects revenues and cost of various products or projects that are termed as the main programmers of the firm. Such a budget can be pr

The break even point in dollorsales for rice company, the break even point ...

the break even point in dollorsales for rice company is48,000 and the company's contribution margin ratio is 40 percent. If Rice Company desires a profit of $84,000, how much wou

#title.advance accounting research on companies., do you make assignments o...

do you make assignments on Advance Accounting subjects

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd