Answered: value stream mapping

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Why is value stream mapping such a critical first step in a company’s move toward a lean approach to operations?

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Step 1

You can create a comprehensive diagram of all steps in your work process with the Value stream mapping process. It is a reflection of your organisation's flow of products from supplier to consumer. A value stream map shows all the essential steps taken to produce value from start to finish in your work process. It enables you to imagine every task the team is working on and offers single status updates on the progress of each task at a glance.

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