Posts tagged ‘Value Stream Mapping’

February 12, 2012

Value Stream Mapping: Analyze and Eliminate delays

by Sampath Prahalad

Value Stream Mapping (or VSM) is an effective way to graphically determine how much time is spent on Real productive work against the overheads within a Manufacturing or Process Stream. Every step in a process,  the time associated with the step and the time taken between two consecutive steps is represented graphically. Once this is done, the delays or overheads between the steps can be analyzed and eliminated or reduced.

Excerpt from Wikipedia for VSM

Value stream mapping is a lean manufacturing technique used to analyze and design the flow of materials and information required to bring a product or service to a consumer. At Toyota, where the technique originated, it is known as “material and information flow mapping”. It can be applied to nearly any value chain.

See the below video for Value Stream Mapping, highly simplified

Info Tidbit: This is one of the topics for the PMI-ACP certification.

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