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.

References in periodicals archive ?

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.

Value stream management: Peter Coote explains how firms can use an architectural approach to improve the way key back-office functions, including finance, perform

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.

Lean ISO 9001; adding spark to your ISO 9001 QMS and sustainability to your lean efforts

The most effective metrics are customer focused and capture the entire value stream.

Red is good: transformational change for Air Force aircraft maintenance

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.

Looking forward using Lean Six Sigma in Navy International Security Assistance: The Next Step

has hired Damascus Hopes as value stream components manager and Chris Harper as design engineering manager.

Benchmade: adds managers

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 benefits VIRGINIA Class Program Office

Lean thinking claims to consider the value stream as a whole, and succeeds in as much as it avoids focussing on local process silos.

Notes on progress in structuring a research project measuring energy inputs into New Zealand apple production--combining hard and soft systems methods

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.

The next generation of lean: concept can be improved--but only if all floors are in synch

These may include organizing costs by value stream, changing inventory valuation techniques, and modifying financial reports to include nonfinancial information.

Unleash the power of lean accounting

Lean practitioners typically rely on value stream mapping to

Linking tactics with strategy: how to determine what you will work on, and what you won't

All of this is the value stream (VS) by which components flow through your plant and out as a finished product.

Using pull systems for higher profits: Part 2--supermarket scheduling: the supermarket method of controlling inventory can simplify scheduling, eliminate waste and cut costs

With the best intentions, some medical device manufacturers have applied lean in the form of kaizen (continuous improvement) and value stream mapping.

Measuring up lean: the journey towards operational excellence: lean manufacturing is commonly associated with automotive manufacturers but medical device makers are rapidly discovering the advantages of using it in their marketplace. This article discusses the benefits that can be realized with the implementation of lean systems in a highly regulated manufacturing environment