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Monday, 16 May 2011

What is Value Stream Mapping?

Value Stream mapping is a structured approach to defining processes and eliminating waste. It graphically depicts processes that provide quality to the customer.
It is also a method to improve turnaround time and quality. VSM strengthens customer satisfaction and supplier relations. Most processes have three versions.
What you think it is
What is actually is
…and what it Could be.
VSM is a technique used to depict the value stream graphically, allowing employees to easily identify waste and inefficiencies.


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