Page 187 - APM Integrated Workbook STUDENT S18-J19
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The role of quality in performance measurement
Kaizen costing
3.1 What is Kaizen?
A Japanese term for the philosophy of continuous improvement via
small, incremental steps.
Characteristics:
1 Set standards and then continually improve these.
2 Eliminate waste.
3 Improve processes, systems and productivity.
4 Team working and employee empowerment.
Organisation can respond quickly to changes in the competitive
5
environment.
Illustrations and further practice
Now read Illustration 2 from Chapter 13 of the Study Text.
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