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Kaizen
A Japanese concept of including all employees, from the top down, in the gradual and methodical process of continuous improvement of all operations and personal efficiency.
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Kanban
A Japanese production management technique that uses cards attached to components to monitor and control workflow in a factory. It was first developed by the car manufacturer Toyota. Its theory became part of the total quality management movement. (Business, 2002)
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KD
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Kickback
The payment of something of value to an individual with the goal of persuading or influencing his or her decision or performance in a certain situation. May be in the form of cash or favors and is usually unethical.
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Knocked Down (KD)
The requirement for a good to be shipped unassembled for the purpose of reducing storage space and transportation costs.