Value Stream Mapping Defined

By: Jp Online
MAIN OBJECTIVE

The primary goal of value stream mapping is to recognize andreduce waste in steps critical to the process. Waste refers to any course ofaction which does not increase the value of the final product or service. Thedesired end result is to understand and streamline the work process while gaining a deeperunderstanding of the decision flow associated with the process.

Value stream mapping is typically a starting point for identifyingsources of waste and the reasons that they exist. This method is used as a toolto communicate work-in-process issues, and to precipitate new processmanagement strategies.?

A GLOBAL VIEW OF OPERATIONS

Understanding the value stream is critical to both servingthe needs of the customer and to improving the efficiency and profitability ofthe process.? Value stream mapping is thekey to understanding the entire process of transforming raw materials into finishedgoods. It provides a ‘global view’ of the process, allowing managers toidentify changes that will produce the best results.? Without a value stream map that thoroughlydescribes the current state of operations, and which provides key performancemeasures of that process, today’s organizations are likely to repeat errors ofthe past and fail to see opportunities in simple changes to the process.

An attack on waste can be seen as the methodical eliminationof the very things that are causing problems, such as poor management and productquality. Companies like Visual8 offer business solutions using value streammapping that will pinpoint some of the most common areas of waste, including over-production,lengthy wait times, inefficient conveyance of product, excessive stock,needless movement, and disproportionate rework.

When these wastes are identified via value stream mapping, acompany can work on streamlining its processes to be more efficient andproductiveArticle Submission, and thus produce better end products / services. This is the key tosetting apart your product in the increasingly competitive markets in which weoperate today.

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