Which of the following is a wastage controlling technique which means continuous improvement?
Kaizen, means continual improvement. Continuous improvement is the continual examination and improvement of existing processes and is very different from approaches such as business process re-engineering (BPR), which seeks to make radical one-off changes to improve an organization's operations and processes. This philosophy implies that small, incremental changes routinely applied and sustained over a long period result in significant improvements. The kaizen strategy aims to involve workers from multiple functions and levels in the organization in working together to address a problem or improve a particular process. Some of the activities in the kaizen costing methodology include the elimination of waste in the production, assembly, and distribution processes, as well as the elimination of work steps in any of these areas.
Recently Securities and Exchanges Board of India (SEBI) makes OTP validation a must for mutual fund investments from which Financial year?
The facial recognition system Digiyatra has been kicked off on 1st December, 2022 by the central government on which of the following airports?
What is the destination of India's first solar observatory mission, Aditya-L1, following its launch onboard the Polar Satellite Launch Vehicle (PSLV-C57...
Which malaria vaccine developed by Oxford University and manufactured by Serum Institute of India has been added to the WHO's list of prequalified vacci...
The Securities and Exchange Board of India (SEBI) has debarred Zee Entertainment Enterprises (Zee) promoter and Essel group Chairman Subhash Chandra and...
Who has been selected for the ICC Men’s Cricketer of the year 2022?
Transparency International released Corruption Perceptions Index (CPI) 2021. What is India’s rank in this?
The President of India, Smt Droupadi Murmu inaugurated the 7th India Water Week today (November 1, 2022) at which city?
Who was the Chief Guest and delivered the convocation address at the nineteenth convocation ceremony of the Indira Gandhi Institute of Development Resea...
The First G20 Culture Group (CWG) meet to be organised in which city of Madhya Pradesh from 22nd to 25th February 2023?