Kaizen Costing – A Continuous Improvement Strategy of the Organisations

Dorina Plescaci
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Dorina Plescaci: "1 Decembrie 1918" University of Alba Iulia

CECCAR Business Review, 2022, vol. 3, issue 2, 30-41

Abstract: Nowadays, in the business field, a perpetual tendency of cost reduction, labor optimization, waste elimination and continuous improvement is perceived. It is self-evident that achieving these objectives requires a strategy, so that Kaizen costing is helpful in this respect. The approach aims at fulfilling these purposes and, at the same time, creates a pleasant environment, in a permanent organic growth, both for the employees and the management and the entire community. The object of the research hereby is presenting the Kaizen costing strategy, its principles and rules, but at the same time it focuses on highlighting the implementation of this approach at the level of industries with very different fields of activity. Is the Kaizen strategy really efficient for achieving the mentioned objectives? Can it be successfully implemented within organizations from different industries? Does Kaizen costing have benefits and limitations? Does it contribute to increasing the efficiency of the manufacturing process? These are just a few of the questions to which the study hereby is trying to answer, being intended for those who strongly believe that there is always room for improvement.

Keywords: Kaizen costing; continuous improvement; cost reduction; cost management (search for similar items in EconPapers)
JEL-codes: M41 M54 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:ahd:journl:v:3:y:2022:i:2:p:30-41

DOI: 10.37945/cbr.2022.02.04

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