Discover the advantages of a Cost of Quality (COQ) system for your business. Learn how to prepare for a COQ program to ensure its successful implementation and sustaining the system.

5S is a basic management philosophy for eliminating waste and improving workplace organization and standardization. 5S serves as the foundation for continuous improvement activities and on which other Lean methodologies can be applied. Translated to its English equivalent, 5S means: Sort, Set In Order, Shine, Standardize and Sustain.

Recession or boom, companies need to sharpen their competitive edge by applying Lean Management principles to cost reduction - that is, the elimination of non-value-added activities or waste from the value stream processes.