1.

Explain Value stream mapping?

Answer»

A LOT of time is wasted in the processing pipeline due to hand-offs or waiting for the right resources or allocation. This adds to the overall processing time.

So, value stream mapping concept requires you to create a visual FLOW of order from a customer at initiation stage to final delivery through all stages.

It could be requirement gathering, sign-offs, REVIEWS, testing, development, etc. anything that is required to deliver the PRODUCT to the customer is mentioned in sequence, along with wait times, processing times.

Finally, the authorities review the entire value map and identify areas where the most impact is occurring. This has led to the improvement of processing times across INDUSTRIES such as manufacturing, HR etc. This concept was first used by Toyota.


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