Value Stream Mapping. Value stream mapping VSM is a technique used by firms to define analyze and optimize the informationmaterials flow required to the whole production process. Value stream mapping is a lean management tool that helps visualize the steps needed to take from product creation to delivering it to the end-customer.
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VSM was first used in the manufacturing industry. A Value stream map is a flow chart which uses symbols to show and improve the flow of inventory and information round the process. Value stream mapping is a powerful method to ferret out waste in any process not just manufacturing.
Once someone maps the current state of the process from beginning to end he or she should find areas that do not add value to the process and reduce those areas.
Value stream mapping sometimes called VSM is a lean manufacturing technique to analyze design and manage the flow of materials and information required to bring a product to a customer. A Value stream map is a flow chart which uses symbols to show and improve the flow of inventory and information round the process. Value Stream Mapping is a Lean tool that is used to visualize a production process. Value Stream Mapping Definition Value Stream Mapping VSM.
