Maximize Your Organization’s Revenue with Value Stream Mapping Value Stream Mapping is an important part of lean improvement and it gives organizations a broader sense of the current process and its working. This is a proven tool which provides detailed visualization of the steps involved in the work process. It proves very beneficial as it allows you to have visualization of both value adding and wasteful steps. Value Stream Mapping is well suited for diverse industries as it displays all the important steps from start to finish delivering value to the customer. This allows the organizations to do a deep analysis of the work process and make changes as required to improve the working. The most in-depth way to look at the effectiveness of business, manufacturing and distribution processes is through a Value Stream Mapping project. VSM provides a clear view of how various business processes are related to each other, assesses the need for those processes and how efficient they really are. During Value Steam Mapping, a model is created which shows how much time, effort and cost is required for a specific process. It is applicable to small functional processes, manufacturing processes such as building a product and complex horizontal processes such as order entry to cash or understanding the interdependencies of a global supply chain. How it can be beneficial to your organization? Helps eliminate waste Detailed visualization of the process lets you identify the activities that do not add any value in delivering the product or service. These non-value adding activities also known as wastes are the ones that consume more resources, time and effort. This allows you to eliminate all these wastes and make the process more efficient.
Acts as a strategic management tool Value stream mapping process aligns everyone towards a common goal from senior management, through middle management to various cross-functional teams such as operations, sales and logistics. It brings everyone on the same page and places focus on improving the business’s core process. It eliminates all the political agendas and helps in generating greater revenue. Helps decide the future course of action Once the value stream mapping is completed, it gives a clear picture about the business and creates a common understanding. It helps in developing a vision for the future of the organization. This also acts as a powerful tool which helps educating the workforce about the changes required in the process. There are many more benefits in addition to these above mentioned ones. For more information on how Value Stream Mapping can help you understand the inner workings of your business, contact a leading Value Stream Mapping Consulting firm like Group50. They have a series of tools used during their VSM project activities including lean business and lean manufacturing assessments. They extensively use Kaizen techniques and other core continuous improvement tools for implanting short term projects, planning the mid and longer term projects and transfer the requisite knowledge and tools so that people in the organization can continue without them. Visit: www.group50.com