Companies are always looking for ways to operate lean by reducing waste and redundancies in business processes throughout the organization. Value stream mapping (VSM) found its start in manufacturing, but it’s proved equally as helpful in the enterprise as a visual mapping technique to optimize and improve systems and processes. By implementing value stream mapping techniques, companies can eliminate waste and redundancies in processes and increase customer value by delivering improved systems and products.
What is VSM?
Value stream mapping is a lean management technique for analyzing the flow of materials, requirements and data associated with a given process, system or product. VSM requires strong communication and collaboration between several departments in the organization. For organizations that have siloed or isolated departments, encouraging more cross-collaboration between business units might be a worthwhile adjustment.
Read More from This Article: What is value stream mapping? A lean technique for improving business processes
Source: IT Strategy