EBK PRINCIPLES OF MARKETING
16th Edition
ISBN: 9780133850697
Author: Kotler
Publisher: VST
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Chapter 6, Problem 6.6CTE
Summary Introduction
To discuss: The ways the concepts are applied in supplier development.
The term Kaizen is a Japanese word for improvement. It helps to improve all the functions that are carried out by the employees in an organization. There are five S of Kaizen. They are Seiri, seition, seiso, seiketsu and shitsuke.
Company T production system (TPS) is a production system developed by company T for the purpose of reducing wastage in production, to provide best quality output and to reduce the cost of production.
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