Dictionary of Procurement Terms

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Search Results: 1-5 of 5 results for “K”
  • 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.
  • 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)
  • KD

  • 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.
  • Knocked Down (KD)

    The requirement for a good to be shipped unassembled for the purpose of reducing storage space and transportation costs.