Kaizen costing is a cost reduction system used a product's design has been completed and it is in production. Business professor Yasuhiro Monden defines kaizen costing as The maintenance of present cost levels for products currently being manufactured via systematic efforts to achieve the desired cost level.
Kaizen costing is a cost reduction system used a product's design has been completed and it is in production. Business professor Yasuhiro Monden defines kaizen costing as The maintenance of present cost levels for products currently being manufactured via systematic efforts to achieve the desired cost level.
Source: Wikipedia "Kaizen costing" · CC BY-SA 4.0
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