Value Stream

Value Stream

All changes made during the production of a product between its conception and sale. The term implies that each change adds value, but this is not necessarily the case.
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In recent years a number of organisations have gained a better understanding of what their customers value and the series of activities that come together to provide this: the value stream.
He outlines the main aspects of this complementary model: how and why documentation systems get out of control and how to get them back in control using the lean tool 5S; how lean practices like value stream mapping, 5S, kaizen, and Training Within Industry (TWI) can be integrated within the quality management system; and the wastes involved with operating under multiple continuous improvement processes, the relationship between value stream maps and procedures, and how to eliminate wastes involved with processes like record control, internal auditing, corrective/preventive actions, management review, and document control.
The most effective metrics are customer focused and capture the entire value stream.
The teams employed the full range of LSS tools, including value stream mapping, surveys, nominal group techniques, brainstorming, root cause analysis, and cause and effect matrices.
has hired Damascus Hopes as value stream components manager and Chris Harper as design engineering manager.
The areas identified then became a value stream, which involves all the actions (both value-added and non-value-added) currently required to build a nuclear submarine from design to launch from both a Navy perspective and the shipbuilder perspective.
Lean thinking claims to consider the value stream as a whole, and succeeds in as much as it avoids focussing on local process silos.
The value stream layer, sometimes referred to as value-stream mapping, consists of streamlining and optimizing specific processes or activities, such as order to cash, procure to pay, attract to perform, and accounting to reporting.
These may include organizing costs by value stream, changing inventory valuation techniques, and modifying financial reports to include nonfinancial information.
Lean practitioners typically rely on value stream mapping to