One of important to-do on every leader’s agenda is cost-cutting or cost-saving. Regardless of the external market economy, geographic location or industry vertical, spending money efficiently forms the backbone of every growing business.
$1 saved = $1 earned is alright but not a smart way to save.
Cost-saving efforts must follow a scientific and methodical process in order to generate consistent meaningful results i.e. improve topline, bottom line and a motivated work environment- all three comprise the return on investment (ROI)
Kaizen is one of the simplest, yet powerful tool for cost-savings and organizational excellence.
Kaizen is one of the simplest, yet powerful tool for cost-savings and organizational excellence.
Although Kaizen has its roots in Japanese ancient folklore, the concept was introduced as a management methodology to the business world by Toyota around 1940s.
Kaizen in Japanese means ‘Make Better’. It’s a philosophy to continually better whatever you do. Kaizen works on the principle to take small improvement steps daily, so benefits accrue over time and result in exponential savings.
Kaizen in Japanese means ‘Make Better’. It’s a philosophy to continually better whatever you do. Kaizen works on the principle to take small improvement steps daily, so benefits accrue over time and result in exponential savings.
