Tag Archives | Kaizen

Benchmarking

A benchmark is a point of reference for a measurement. Benchmarking is process of comparing one’s business processes and performance metrics to industry bests or best practices from other industries. It does this by capturing performance metrics and comparing their values with a comparable set of previously recorded measures. This comparison set can be taken [...]

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Hoshin Kanri

Hoshin Kanri (HK) is a cyclic planning and management concept from Japanese origin.  It is a management method devised to capture and cement strategic goals as well as flashes of insight about the future and develop the means to bring these into reality.  It is a powerful, systematic Strategic Planning/Management methodology developed by Dr. Yoji Akao [...]

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Kaizen

Kaizen strategy is the single most important concept in Japanese management–the key to successful Japanese companies such as Toyota. Kaizen, which simply means continuous improvement, is the foundation for all Lean production improvements. Kaizen events are opportunities to make focused changes in the workplace. Kaizen is actually a way of life philosophy. It assumes that [...]

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Business Process Re-engineering (BPR)

Business Process Re-engineering (BPR) is a business management strategy, originally pioneered in the early 1990s, focusing on the analysis and design of workflows and processes within an organization. BPR aimed to help organizations fundamentally rethink how they do their work in order to dramatically improve customer service, cut operational costs, and become world-class competitors. BPR [...]

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