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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]
At a fork, the process creates one or more additional processes, indicated by a bar with one incoming path and two or more outgoing paths. At a join, two or more processes continue as a single process, indicated by a bar with several incoming paths and one outgoing path. All processes must complete before the single process continues. [22]
Business processes are designed to be operated by one or more business functional units, and emphasize the importance of the "process chain" rather than the individual units. In general, the various tasks of a business process can be performed in one of two ways: [1] manually; by means of business data processing systems such as ERP systems
In the case of a single production process (described above) the output is defined as an economic value of products and services produced in the process. When we want to examine an entity of many production processes we have to sum up the value-added created in the single processes.
A process theory is a system of ideas that explains how an entity changes and develops. [1] Process theories are often contrasted with variance theories, that is, systems of ideas that explain the variance in a dependent variable based on one or more independent variables. While process theories focus on how something happens, variance theories ...
Process management (project management), a systematic series of activities directed towards planning, monitoring the performance and causing an end result in engineering activities, business process, manufacturing processes or project management; Process-based management, is a management approach that views a business as a collection of processes
A formal process ontology is an ontology in the knowledge domain of operations. Often such ontologies take advantage of the benefits of an upper ontology. Planning software can be used to perform plan generation based on the formal description of the process and its constraints. Numerous efforts have been made to define a process/planning ...
The Workflow Management Coalition, [6] BPM.com [7] and several other sources [8] use the following definition: Business process management (BPM) is a discipline involving any combination of modeling, automation, execution, control, measurement and optimization of business activity flows, in support of enterprise goals, spanning systems, employees, customers and partners within and beyond the ...