A bank confirmation letter (BCL) is a letter from a bank or financial institution confirming the existence of a loan or a line of credit that has been extended to a borrower.

Confirmation is the process of obtaining and evaluating a direct communication from a third party in response to a request for information about a particular item affecting financial statement assertions. The process includes— Selecting items for which confirmations are to be requested.

Confirmation bias, the tendency to process information by looking for, or interpreting, information that is consistent with one’s existing beliefs. People are especially likely to process information to support their own beliefs when the issue is highly important or self-relevant.

Process Confirmation is a standardised way by which managers can see if the process is working as it should be and where it isn’t, understand and act on the root causes.

: a course of study in the fundamentals of religion designed to prepare young people for confirmation and usually conducted by a pastor, priest, or rabbi also : the group of young persons participating in such a class.

A visual control for performing audits within a process by making normal versus abnormal conditions clear and quickly identifiable. The board also focuses management’s attention on the gemba.

Kamishibai cards (K-cards) are a tool used in daily rounding to provide real-time data, foster rounding with a purpose, improve bundle compliance and hopes to prevent patient harm from hospital acquired infections.

Kamishibai (Japanese: 紙芝居, “paper play”) is a form of Japanese street theater and storytelling that was popular during the Depression of the 1930s and the post-war period in Japan until the advent of television during the twentieth century.

The purpose of Gemba walks is to develop leaders who develop their team members to continuously improve operations. Leader standard work can aid in making Gemba Walks effective and efficient.

Gemba Kaizen is a Japanese concept of continuous improvement designed for enhancing processes and reducing waste. Within a lean context, Gemba simply refers to the location where value is created, while Kaizen relates to improvements.

Waste Identification includes assigning process steps to the following labels: Value-Added. Non-Value Added but needed, and….3) Waiting

1. Waiting for information or a process to be completed.
2. System downtime.
3. System response time.
4. Approvals from others.
5. Information from customers.

11 Steps to an Effective Gemba Walk

1. Prepare the Team.
2. Have a Plan.
3. Follow the Value Stream.
4. Always Focus on Process, Not People.
5. Document Your Observations.
6. Ask Questions.
7. Don’t Suggest Changes During the Walk.
8. Walk in Teams.

once a week

Kaizen (Continuous Improvement) is a strategy where employees at all levels of a company work together proactively to achieve regular, incremental improvements to the manufacturing process. In a sense, it combines the collective talents within a company to create a powerful engine for improvement.

What are the Five S’s (5S) of Lean. Quality Glossary Definition: Five S’s (5S) 5S is defined as a methodology that results in a workplace that is clean, uncluttered, safe, and well organized to help reduce waste and optimize productivity.

Seiso involves cleaning everything, keeping it clean daily, and using cleaning to inspect the workplace and equipment for defects. This is an action to clean the workplace daily. Handpicked Content: 5S Your Email Outbox.

5S stands for the 5 steps of this methodology: Sort, Set in Order, Shine, Standardize, Sustain. These steps involve going through everything in a space, deciding what’s necessary and what isn’t, putting things in order, cleaning, and setting up procedures for performing these tasks on a regular basis.

The 5S System is a lean manufacturing tool that helps to clean and organize the workplace, as well as improve how things are done through standardization. This can be accomplished with the five following steps: Sort: Remove unneeded and obsolete items from the workplace.

Six Sigma has many tools that will work to improve production and efficiency in any type of business. Today, we are going to highlight the 5S tool and why it is so important. The 5S tool is a great system for handling workplace organization.

Keys and Tips to Implement the 5S Methodology

1. SEIRI (Sort) Seiri is about organizing and eliminating unnecessary items.
2. SEITON (Set in order) Seiton means setting in order the necessary elements so that they are easy to find and use by anyone.
3. SEISO (Shine)
4. SEIKETSU (Standardize)
5. SHITSUKE (Sustain)