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A value stream is the set of actions that take place to add value to a customer from the initial request through realization of value by the customer. The value stream begins with the initial concept, moves through various stages of development and on through delivery and support. A value stream always begins and ends with a customer.
The three main ways to adopt lean thinking are, unsurprisingly: "Aha!" moments by seeing someone behave in a striking way, or hitting upon a new idea by reading a book, visiting a workplace, or being beaten over the head by an old time sensei. Aha! moments are powerful, but unfortunately rare, and need the right conditions to occur.
Value-stream mapping has supporting methods that are often used in lean environments to analyze and design flows at the system level (across multiple processes).. Although value-stream mapping is often associated with manufacturing, it is also used in logistics, supply chain, service related industries, healthcare, [5] [6] software development, [7] [8] product development, [9] project ...
Porter suggested that combining multiple strategies is successful in only one case. Combining a market segmentation strategy with a product differentiation strategy was seen as an effective way of matching a firm's product strategy (supply side) to the characteristics of your target market segments (demand side). But combinations like cost ...
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Lean project management is the application of lean concepts such as lean construction, lean manufacturing and lean thinking to project management. [1] [2]Lean project management has many ideas in common with other lean concepts; however, the main principle of lean project management is delivering more value [3] with less waste in a project context.
Quality, cost, delivery (QCD), sometimes expanded to quality, cost, delivery, morale, safety (QCDMS), [1] is a management approach originally developed by the British automotive industry. [2] QCD assess different components of the production process and provides feedback in the form of facts and figures that help managers make logical decisions.
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