Kaizen or continuous improvement is in fact a process. So there are steps and activities. And there are performance indicators.
In this post we will give more information about the performance indicator “number of successful realized improvements”. Other performance indicators for continuous improvement are described here. The objective of continuous improvement are lower cost, shorter leadtime and improved quality; so these are the best performance indicators.
Performance indicator: Number of successful realized improvements
Definition: the number of successful realized improvement suggestions by a team in a certain period.
The higher the number the better. But this number doesn’t give information about the value of the improvement.
Combined with the performance indicator ‘number of submitted improvement suggestions’ it gives a new indicator: the ratio between submitted and realized improvements.
If you can’t describe what you are doing as a process, you don’t know what you’re doing. – W. Edwards Deming