What is it about?
Our results suggest that the implementation of 5S can contribute to performance of an organization only in the short and medium term. It should be noted that the subsidiary in our study implemented TDABC to make possible production of information and reports important for efficient decision making and control in the new business environment.
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Why is it important?
Our finding implies that researchers should direct their interest, not only towards non-financial, but also towards financial indicators of 5S implementation. It also implies that managers can increase organization's profitability through lean initiatives resulting in more efficient processes and productive employees. We point to the importance of the cost and management accounting system improvements after the continuous improvements programs implementation.
Perspectives
By interviewing employees and managers of the company in our paper, we understood better the real life benefits and obstacles of continuous improvement program implementation and learnt to appreciate the efforts these people are putting in their company and work.
Milan Čupić
University of Kragujevac
Read the Original
This page is a summary of: How Does 5s Implementation Affect Company Performance? A Case Study Applied to a Subsidiary of a Rubber Goods Manufacturer from Serbia, Engineering Economics, June 2017, Publishing House Technologija,
DOI: 10.5755/j01.ee.28.3.16115.
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