What is the purpose of value stream mapping? How can it be achieved?
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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What is the purpose of value stream mapping? How can it be achieved?
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Step 1
The purpose of value-stream mapping is identify and remove or reduce "waste" in value streams, increasing the efficiency of a given value stream.
Waste removal is intended to increase productivity by creating leaner operations which in turn make waste and quality problems easier to identify.
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