kaizen costing

Definition

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.

Related Videos




http://www.businessdictionary.com/definition/kaizen-costing.html

Have a question about kaizen costing? Ask for help in the
Community
advertise here

Browse by Letter: # 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