VALUE STREAM MAPPING

A value stream includes all activities required to transform a product from raw material into the finished goods. Value Stream Mapping scrutinizes business processes from beginning to end and a visual representation map is drawn of every process involved in the material and information flows. Then a future state map is drawn to show how things should work for best competitive advantage. Value Stream Mapping helps to identify the current flow of material and information in processes for a family of products, highlighting the opportunities for improvement that will most significantly impact the overall production system. In this research paper, myself addresses method of value stream analysis, which is a tool for helping manufacturing companies to go lean and to achieve larger control of their value stream. It is a qualitative tool that is supposed to give an understanding of the value stream / value chain as a basis for reducing the pipeline of inventory and time compress the throughput time.