Kaizen costing is a system for continuous cost reduction through small, incremental improvements. It aims to maintain current production costs through systematic efforts following a cycle of identifying problems, finding solutions, implementing changes, checking results, and standardizing successful processes. Costs can be reduced by eliminating seven types of waste through an approach that focuses on customers, cross-functional teams, and increasing employee engagement and morale.

2.  Kaizen costing is a system of cost reduction
via continuous improvement.
 It tries to maintain present cost levels for
products currently being manufactured via
systematic efforts to achieve the desired cost
level.
 The word kaizen is a Japanese word
meaning continuous improvement.

3. 1- Involves your employecs.
2- Find problems
3- Think and find solutions
4- Implementation
5- Check
6- Standardize
7- Repeat

4.  Cost Can be reduced through estimation of
seven types of waste:
 over production
 lnventory
 Waiting
 Defective
 Motion
 Transportation
 Over Processing

5.  Customer Satisfaction
 Process Centered
 Create Work Teams
 Cross-functional
 Increasing Employees Moral
 Reduced Errors
 Promote openness
 Acknowledge Problems

6.  Requires Permanent change of Management
System
 Does not Produce Required Results
 Difficult to Convince People

7. THANK YOU