Kaizen & Its Applications - A Japanese Terminology Referred to Continuous Improvement

Abstract

This paper is all about the research done at the Bajaj Steels Pvt. Ltd. Nagpur by applying a methodology "Continues Improvement" called as Kaizen. This paper includes the brief knowledge about the term Kaizen and case studies. It is a Japanese business phenomenon which tends to have a major impact on the current competitive situation of the market. The whole emphasis placed on the three vital elements named Teamwork, Flexibility and Quality. Kaizen management is dedicated continues improvement in every field (department) of the industry i.e. Productivity, Efficiency, Quality etc. In the mass-production based industry, even a small step of improvement to the key process can surely helps to generate the major positive difference in the profit & quality too. This study explains the key steps to be taken in industry many like Bajaj Steels Pvt Ltd. for improvement, which will surely builds its business success.