kaizen & kaizen costing in deep explanation with all the key approaches

1. KAIZEN
COSTING
(改善)
BY: ANMOL GULATI

2. c
KAIZEN
“A journey of a
thousand miles begins
with a single step.”
– Laozi
So too does any great endeavor, a truth
embraced by the Japanese philosophy
of Kaizen.

4. TRADITIONAL
SCENARIO: vs
KAIZEN

5. HOW WE CAN IMPLEMENT CHANGE ?

9. KAIZEN COSTING
Kaizen costing is applied to
products that are already in
production phase. Prior to kaizen
costing, when the products are
under development phase, target
costing is applied.
Finally, It is a process wherein a
product undergoes cost reduction
even when it is already on the
production stage.
The cost minimization can include strategies in effective waste management, continuous product
improvement or better deals in the acquisition of raw materials

15. 5S METHODOLOGY

16. 1. SORTING

19. 2. SET IN ORDER

21. 3. SHINE

23. 4. STANDARDIZE

25. 5. SUSTAIN

30. 2ND PILLAR OF KAIZEN
APPROACH

32. Value is ‘anything’ that
customer is willing to pay for!

34. EXAMPLES OF MUDA ( TIMWOODS )
1. TRANSPORT 2. INVENTORY 3. MOTION 4. WAITING
5. OVER-PRODUCTION 6. OVER-PROCESSING 7. DEFECTS 8. SKILLS SET

35. ● Q1. Choose the odd one out from 5S
methodology:
a. Sustain
b. Safety
c. Shine
d. Standardize
● Q2. Red tag is used in :
a. Shine
b. Sorting
c. Standardize
d. Set in order

36. ● Q1. Choose the odd one out from 5S
methodology:
a. Sustain
b. Safety
c. Shine
d. Standardize
● Q2. Red tag is used in :
a. Shine
b. Sorting
c. Standardize
d. Set in order

39. STANDARD OPERATIONS

45. CONCLUDING STATEMENT
The implementation of Kaizen
involves everyone - managers
and workers - and requires a
permanent commitment to the
Kaizen principles. It is not
meant to be implemented as
a process, but rather to be
lived at all levels of an
organization as a philosophy!

47. BASICALLY,SAYINGTHANKYOU
INJAPENESE!