A value stream map is a visual tool that displays all critical steps in a specific process and quantifies easily the time and volume taken at each stage. Value stream maps show the flow of both materials and information as they progress through the process.
You of course want profitable applications of value stream mapping. It requires team members skilled in carrying out advanced VSM, and it may take days, weeks or even months to carry out some involved mapping projects. Think of it as a powerful tool central to lean methods, but not every circumstance lends itself to value stream mapping.
7 Steps to Value Stream Mapping Step #1: Decide How Far You Want to Go. Typically, you would start your mapping by indicating a start and end point. Step #2: Define the Steps. Now determine what processes are involved in order to get from point A to point B. As a… Step #3: Indicate the Information …Value Stream Map diagram. This is one of the top business frameworks encompassing strategy, project management, IT, internal processes and client experience.