K Terms in the Supply Chain Glossary


K
Kaizen
A Japanese term meaning improvement, it focuses on continuous enhancements involving all employees, from management to workers. In manufacturing, it targets eliminating waste in machinery, labor, and production methods.
Kaizen Blitz
A short-term, focused improvement effort targeting a specific process or area, often completed within a week
Kaizen Event
A structured, time-limited activity where team members work intensively on implementing process improvements, typically as part of a lean manufacturing initiative.
Kanban
A just-in-time production system using visual signals, such as cards or boards, to manage workflow and inventory. Originating from Toyota, this pull system ensures that workstations request materials only as needed.
Key Performance Indicator
A measurable value, financial or non-financial, used to track progress toward specific organizational goals.

 
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