Value Stream Mapping is Common – What Happens Next is the Difference
The value of equipment modeling
What is Value Stream Mapping (VSM)? It is a lean tool to help visualize a product from the beginning operation to the customer. It displays relevant information flow and product flow with data boxes for each operation throughout the value stream. The data boxes may include demand, available capacity, production rate, utilization, efficiency, cycle time, number of people, shifts as well as inventory at each process step.
While the concept of Value Stream Mapping is not new, not all VSM’s are the same. The types of data on the VSM, and associated quality and accuracy, can make the difference in developing a sound ideal future state.
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