Leanspeak: The Productivity Business Improvement Dictionary
The one-stop, concise dictionary to business lingo.
TABLE OF CONTENTS Leanspeak: The Productivity Business Improvement Dictionary
K: Kaikaku KPI
kaikaku
Japanese term meaning the radical improvement of an activity to eliminate non-value-adding waste. An example would be reorganizing a product s processing operations so that it could go through its operations in one-piece flow in one short space instead of traveling to and from isolated process villages. Also called breakthrough kaizen, flow kaizen, and system kaizen.
kaizen
Composed of the Japanese kai meaning to take apart and zen meaning to make good, kaizen is the gradual, incremental, and continual improvement of activities so as to create more value and less non-value-adding waste. Its success depends on the total commitment of the work force to increasing efficiency and reducing costs. Also called point kaizen and process kaizen.
kaizen costing
a lean-production accounting practice that uses cost reduction activities to achieve a target cost for each product, for each period. See target costing. Generally, direct material and labor costs are controlled through value engineering (and other engineering activities) and standard costing for each product. In contrast, overhead is managed primarily by budgeting and by tapping employee know-how via employee involvement methodologies such as total quality control (TQC) and total productive maintenance.
kaizen event
a planned and structured event that enables a group of associates to improve some aspect of their business. Prior to the actual event, an area is chosen and prepared, a problem is selected, leaders and teams are chosen, the problem is baselined, an improvement target is set, measurements...
Copyright Productivity Press 2002 under license agreement with Books24x7
