Value stream mapping is a visual means to depict and improve the flow of manufacturing and production process, as well as the information that controls the flow of materials through the process. It is ...
What Is Value Stream Mapping (VSM)? What is a value stream? A value stream represents the series of actions an organization takes to design, create, and deliver a product or service to its customers, ...
The concept of a value stream is borrowed from Michael Porter's Value Chain framework. The value chain is a model that helps analyze specific activities through which firms create value and ...
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