Today is the world of tough competition; any industries in the world are under a constant dilemma to reduce cost and improve quality. To overcome this dilemma and confusion, company are required to follow some modern techniques like Active Base Costing, Target Costing, life cycle costing, Kaizen costing and many other available techniques. But most popular among this are Kaizen costing. By using the kaizen techniques company can increase their production and improved overall efficiency of the company. This paper discussed on different literature that have been published in the field of Kaizen techniques and present a Review of literature. This review of literature will help to the new researched for their further studies.