Posted in Operations and Supply Chain Terms, Total Reads: 1850

Definition: Kaizen

Kaizen is a Japanese word made from Kai (make change) and ZEN (make good); so, it stands for a change for good/betterment. It has been another philosophy that churned out of the TOYOTA Company.

The philosophy is that of continuous improvement with an aim of eliminating WASTE. It can have pre-determined time duration for the achievement of completion.

It also aims at the unnecessary usage of manpower, curbing of expenditure and optimum utilization of the floor space.

Browse the definition and meaning of more terms similar to Kaizen. The Management Dictionary covers over 7000 business concepts from 6 categories.

Search & Explore : Management Dictionary

Share this Page on:
Facebook ShareTweetShare on G+Share on Linkedin