KAIZEN COSTING

DETAILED POWERPOINT PRESENTATION ON KAIZEN COSTING TO BE PRESENTED IN CLASS WITH THE HELP OF MCQ FOR BETTER UNDERSTANDING OF THE CONCEPTS & ILLUSTRATIVE , SELF EXPLANATORY PICTURES

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.

3. TRADITIONAL SCENARIO: vs KAIZEN

4. HOW WE CAN IMPLEMENT CHANGE ?

5. 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

6. 5S METHODOLOGY

7. 1. SORTING

8. 2. SET IN ORDER

9. 3. SHINE

10. 4. STANDARDIZE

11. 5. SUSTAIN

12. KAIZEN COSTING SUMMARY

13. Q1. Choose the odd one out from 5S methodology: Sustain Safety Shine Standardize Q2. Red tag is used in : Shine Sorting Standardize Set in order

14. Q1. Choose the odd one out from 5S methodology: Sustain Safety Shine Standardize Q2. Red tag is used in : Shine Sorting Standardize Set in order

15. Q 1 . Kaizen refers to a) Continuous improvement b) Intermittent improvement c) Discontinuous improvement d) Stop improvement Q2.  In the process of Kaizen, improvements are accomplished gradually in small increments. a) True b) False Q3. Kaizen refers to improvements through and does not allow a) Innovation, constant improvement b) Continuous improvement , innovation c) Constant improvement, innovation d) Innovation, discontinuous improvement

16. Q 1 . Kaizen refers to a) Continuous improvement b) Intermittent improvement c) Discontinuous improvement d) Stop improvement Q2.  In the process of Kaizen, improvements are accomplished gradually in small increments. a) True b) False Q3. Kaizen refers to improvements through and does not allow a) Innovation, constant improvement b) Continuous improvement , innovation c) Constant improvement , innovation d) Innovation, discontinuous improvement

17. Q4. In which country was 5S invented? a) India b) Japan c) Vietnam d) Norway Q5. Kaizen requires little investment but great effort to maintain it. a) True b) False Which of the following is not an advantage of implementing 5S technique? a) To improve work efficiency b) To standardize work practices c) To improve work discipline d) To create a dirty workplace

18. Q4. In which country was 5S invented? a) India b) Japan c) Vietnam d) Norway Q5. Kaizen requires little investment but great effort to maintain it. a) True b) False Which of the following is not an advantage of implementing 5S technique? a) To improve work efficiency b) To standardize work practices c) To improve work discipline d) To create a dirty workplace

19. 3M PHILOSOPHY

20. 2 ND PILLAR OF KAIZEN APPROACH

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

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

23. SEQUENCE OF MACHINES

24. STANDARD OPERATIONS

25. 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 !

26. BASICALLY, SAYING THANKYOU IN JAPENESE !