Value Stream Mapping
Value Stream Mapping (VSM) is a method of visually mapping a product's production path (for both materials and information) from "dock to dock”. A value stream is all actions (both value-added and non- value-added) required by a product moving through its essential main flows, including design flow from concept to launch; production flow from raw materials to delivery to client; order flow from opening of purchase order to final payment. VSM serves as a starting point to help management, engineers, production associates, schedulers, suppliers and customers recognize waste and identify its causes. The seminar will help to identify steps to be included in order to physically map the factory’s "current state" while also focusing on where the factory wants to be, or its "future state". The goal is to create a blueprint upon which future process and lead-time shortening strategies can be built.
Suitable for: Directors, managers and industrial engineers