Discuss the purpose and key features of a value stream map (VSM)


The value stream map (VSM) graphically represents a business process to identify aspects of it that are wasteful and should be removed.

A VSM identifies all of the actions required to complete processing on a product, along with key information about each action item. Specific information may include total hours worked, overtime hours, cycle time to complete a task, and error rates.

The VSM shows the total time required for each processing step, the time required between steps, and identifies the types of time spent between steps such as the outbound batching time, transit time, and inbound queue time.

Business

You might also like to view...

. Sasha makes her decisions based on pre-existing information gained from a combination of life and work experience. In building opportunities, Sasha uses ______.

a. intuition b. prior knowledge c. alertness d. habit-breaking strategies

Business

Lynette received unsatisfactory service at a recent business dinner. In her persuasive claim message to the restaurant manager, she should enclose a copy of her restaurant receipt

Indicate whether the statement is true or false

Business

The quality strategy is formulated at the ________ management level and is diffused throughout the ________.

A. middle; low-level management B. lowest; organization C. top; middle-level management D. top; organization

Business

New product design and development can become integrated when

a. Customers are involved b. Suppliers are involved c. Both customers and suppliers are involved d. Neither customers nor suppliers are involved

Business