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Home > QFINANCE Dictionary > Definition of continuous improvement

Definition of

continuous improvement

General Management

making frequent small changes to improve quality the seeking of small improvements in processes and products, with the objective of increasing quality and reducing waste. Continuous improvement is one of the tools that underpin the philosophies of total quality management and lean production. Through constant study and revision of processes, a better product can result at reduced cost.

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Definitions of ’continuous improvement’ and meaning of ’continuous improvement’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’continuous improvement’ and other financial terms with our online QFINANCE Financial Dictionary.

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