We’ve seen many value stream maps (VSM) over the past 20 years, as it has become a common tool. In some companies it’s a first requirement before a lean effort begins. In other companies, value stream ...

Waste is any effort or processes, whether in production, administration or logistics, that's unnecessary. It makes a company hemorrhage cash. In lean manufacturing, multiple value steams are unified ...

Value stream mapping (VSM) is one of the most fundamental tools associated with lean improvement activities to reduce wastes and improve cycle times. VSM is not a highly complex tool nor is it ...

Value stream management has been around for a long time. It got its roots in manufacturing, where it was used to accomplish an impossible task; it simultaneously improved quality, reduced costs and ...

Ernie Smith is a former contributor to BizTech, an old-school blogger who specializes in side projects, and a tech history nut who researches vintage operating systems for fun. Many discussions around ...

Value stream management involves people in the organization to examine workflows and other processes to ensure they are deriving the maximum value from their efforts while eliminating waste — of ...

Lean thinking - the philosophy of maximizing customer value while minimizing waste - has long been hailed as a panacea for low productivity and poor performance. Introduced decades ago through the ...