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Value-stream mapping, also known as material- and information-flow mapping, [1] is a lean [2] -management method for analyzing the current state and designing a future state for the series of events that take a product or service from the beginning of the specific process until it reaches the customer. A value stream map is a visual [2] tool ...
The value stream is depicted as an end-to-end collection of value-adding activities that create an overall result for a customer, stakeholder, or end-user. In modeling terms, those value-adding activities are represented by value stream stages, each of which creates and adds incremental stakeholder value items from one stage to the next. [1]
Business process mapping takes a specific objective and helps to measure and compare that objective alongside the entire organization's objectives to make sure that all processes are aligned with the company's values and capabilities. International Organization for Standardization or ISO 9001 : 2015 encourages a process approach to quality ...
Value-stream mapping (VSM) and 5S are the most common approaches companies take on their first steps to Lean. Lean can be focused on specific processes, or cover the entire supply chain. Lean can be focused on specific processes, or cover the entire supply chain.
After mapping one or more value streams, engineers and consultants analyze the stream(s) for sources of waste. The analysis may adapt and apply traditional efficiency techniques such as time-and-motion studies as well as more recent lean techniques developed for the Toyota Production System and its derivatives.
The value chain framework quickly made its way to the forefront of management thought as a powerful analysis tool for strategic planning. The simpler concept of value stream mapping, a cross-functional process which was developed over the next decade, [15] had some success in the early 1990s. [16]
Value-stream-mapping software. Value-stream-mapping software is a type of software that helps prepare and/or analyze value stream maps. The software typically helps design maps through utilizing a series of symbols representing activity and information/material flow, and as a supplement to manual calculations [1]
The Forrester effect map is a business technique used to analyse the disturbance on the supply chain of reorder activity. [ 1] The tool is one of the seven value stream mapping tools as defined by Hines and Rich. [ 2] Forrester's research, ( Industrial Dynamics, MIT Press 1961) showed that demand could be erratic with peaks and troughs ...
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