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Finance Head at PhonPe
October 14, 2019
Senior Internal Auditor
October 21, 2019

Kanban Method

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What is Kanban Method?

Kanban Method is a way to organize the chaos in the workplace in order to increase productivity and maximize efficiency. The aim is achieve higher output in reduced time.

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Core Practices

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1. Visualize the Workflow

Once you visualize the process, then you can visualize the current work that you and your team are doing.

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2. Limit Work-in-Progress

Complete the work in hand first before taking up new work. This creates enhanced capacity in the system.

Limit Work in Progress

3. Manage Flow

Focus on the bottlenecks in the workflow. Analyze the issues and resolve them.

Manage FLow

4. Make Process Polices Explicit

Clarity in the process guidelines is important so that you know how the work has to be executed.

Make Process Polices Explicit

5. Implement Feedback Policy

Early feedback is indispensable to ensure that the right work is implemented and delivered.

Implement Feedback Policy

6. Improve Collaboratively, Evolve Experimentally

Constant evaluation is critical to improve in areas where shortcomings exist.

Improve Collaboratively, Evolve Experimentally

Why this method?

  • Reveals Bottlenecks in the workflow
  • Higher Productivity
  • Reduce Idle Time
  • Effective utilization of resources

“The views & opinions expressed in the article are that of the author. The blog contains the opinions of the author and doesn’t reflect the opinions of any organizations with which the author may be associated. The graphics are for illustrations purpose only we do not mean to plagiarize anybody else’s content”

Contributor:Radhika Sarda

Qualifications: Bachelor in Commerce, CFA Level III Cleared.
I am an undergraduate student from St. Xavier's College, Kolkata pursuing a career in finance. I was an intern at Leveraged Growth.
I enjoy travelling and listening to music.
Radhika Sarda
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