What is Value Stream Mapping?
Value Stream Mapping (VSM) is a great tool to help define if a business is meeting customer demand. It aligns with Strategy Deployment as a method for highlighting key area that need improving. VSM allows a team to get a 30,000 feet view of a business process. It is easier from this perceptive to identify and prioritize what needs to be improved to meet the customers needs on-time, every-time.
What are the advantages of Value Stream Mapping?
Vale Stream Mapping can be completed without affecting the work area. The activities only require a team to observe the activities and document them. The design and development of the Value Stream Map is completed on paper back in the team meeting room. This is what makes Value Stream Mapping a powerful tool to have in any lean toolbox.
What are the steps involved in Value Stream Mapping?
There are four steps to a Value Stream Mapping exercise:
- Data collection
- Draw a current state map
- Draw a future state map
- Develop an implementation plan