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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 ...
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]
Business process mapping takes a specific objective and helps to measure and compare that objective alongside the entire organization's objectives to make sure that all processes are aligned with the company's values and capabilities. International Organization for Standardization or ISO 9001 : 2015 encourages a process approach to quality ...
Wardley map. A Wardley map is a map for business strategy. [1] Components are positioned within a value chain and anchored by the user need, with movement described by an evolution axis. [2] Wardley maps are named after Simon Wardley who created the technique at Fotango in 2005 having created the evolutionary framing the previous year.
Harvey balls. Harvey balls are round ideograms used for visual communication of qualitative information. They are commonly used in comparison tables to indicate the degree to which a particular item meets a particular criterion. For example, in a comparison of products, information such as price or weight can be conveyed numerically, and binary ...
The Forrester effect map is a business technique used to analyse the disturbance on the supply chain of reorder activity. [ 1] The tool is one of the seven value stream mapping tools as defined by Hines and Rich. [ 2] Forrester's research, ( Industrial Dynamics, MIT Press 1961) showed that demand could be erratic with peaks and troughs ...
The Business Model Canvas is a strategic management template used for developing new business models and documenting existing ones. [2] [3] It offers a visual chart with elements describing a firm's or product's value proposition, [4] infrastructure, customers, and finances, [1] assisting businesses to align their activities by illustrating potential trade-offs.
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.
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