Kaizen, Kanban, Keiretsu, Key Custodians, Kaizen Blitz

 

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Detailed terminology list , in pdf form, will soon be available

 
 

Kaizen
The Japanese term for improvement; continuing improvement involving everyone—managers and workers. In manufacturing, kaizen relates to finding and eliminating waste in machinery, labor, or production methods. 

Kaizen Blitz
A rapid improvement of a limited process area, for example, a production cell. Part of the improvement team consists of workers in that area. The objectives are to use innovative thinking to eliminate non-value-added work and to immediately implement the changes within a week or less. Ownership of the improvement by the area work team and the development of the team’s problem-solving skills are additional benefits.

Keiretsu
A form of cooperative relationship among companies in Japan where the companies largely remain legally and economically independent, even though they work closely in various ways such as sole sourcing and financial backing. A member of a keiretsu generally owns a limited amount of stock in other member companies. A keiretsu generally forms around a bank and a trading company but “distribution” (supply chain) keiretsus exist linking companies from raw material suppliers to retailers

Kanban
Japanese word for "visible record", loosely translated means card, billboard or sign. Popularized by Toyota Corporation, it uses standard containers or lot sizes to deliver needed parts to assembly line "just in time" for use.

 

 

 


Key Custodians

The persons, assigned by the security administrators of trading partners, that send or receive a component of either the master key or exchange key used to encrypt data encryption keys. This control technique involves dual control, with split knowledge that requires two key custodians

 

key performance indicators

Key Performance Indicators, or KPI's, are qualitative or quantitative measures that can be built into an agreement. They can be used to measure the performance of suppliers and/or employees.

For example, a company may include a KPI in an contract stating '95% of orders must be delivered by the agreed date'. The company will monitor this and if deliveries fall below the 95% the supplier will be in breach of the contract.


 

 
 

 

Get terms alphabetically:  A B C D E F G H I J K L M N O P Q R S T U V W X Y Z   

 
 
 

 

 
 

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