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Value-stream mapping, also known as material- and information-flow mapping, [ 1] is a lean [ 2] -management method for analyzing the current state and designing a future state for the series of events that take a product or service from the beginning of the specific process until it reaches the customer. A value stream map is a visual [ 2] tool ...
These include: detailed flow-charts, work flow diagrams and value stream maps. Each map is helpful depending on the process questions and theories being considered. In these situations process map implies the use of process flow and the current understanding of the causal structure.
The value stream is depicted as an end-to-end collection of value-adding activities that create an overall result for a customer, stakeholder, or end-user. In modeling terms, those value-adding activities are represented by value stream stages, each of which creates and adds incremental stakeholder value items from one stage to the next. [ 1]
The Value Stream: Identify the value stream for each product providing that value and challenge all of the wasted steps (generally nine out of ten) currently necessary to provide it; Flow: Make the product flow continuously through the remaining value-added steps; Pull: Introduce pull between all steps where continuous flow is possible
Strategy. A value chain is a progression of activities that a business or firm performs in order to deliver goods and services of value to an end customer. The concept comes from the field of business management and was first described by Michael Porter in his 1985 best-seller, Competitive Advantage: Creating and Sustaining Superior Performance.
Complex kanban boards can be created that subdivide "in progress" work into multiple columns to visualise the flow of work across a whole value stream map. According to the Project Management Institute , a kanban board is a "visualization tool that shows work in progress to help identify bottlenecks and overcommitments, thereby allowing the ...
State-transition table. In automata theory and sequential logic, a state-transition table is a table showing what state (or states in the case of a nondeterministic finite automaton) a finite-state machine will move to, based on the current state and other inputs. It is essentially a truth table in which the inputs include the current state ...
A supply chain is a complex logistics system that consists of facilities that convert raw materials into finished products and distribute them [ 1] to end consumers [ 2] or end customers. [ 3] Meanwhile, supply chain management deals with the flow of goods in distribution channels within the supply chain in the most efficient manner. [ 4][ 5]