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VSM stands for Value Stream Mapping. It is a tool to map the activity process and identify the added value and not added throughout the process flow.
Indeed, every time something is converted to an internal or external customer, it goes through a process. Draw a map that process is one of the most effective ways to identify and eliminate sources of waste.
This map shows:
The VSM approach is still in 5 steps:
The mapping the value chain gives an overview of the process – from design to product launch. We can also integrate suppliers and customers, or other processes like production start, research and development, invoicing, etc. This tool also shows the bottle necks and activities which add cost without adding value.
Once the map is created, we analyse the steps by collecting data like the cycle time, rejects percentages and change-over production time. This analysis helps to minimize non-value added activities and to rethink ways. Tha map of the value chain allows to develop an optimal process.
For any question, do not hesitate to contact us !