Value Stream Mapping
Introduction
The need to improve is almost universally recognised, but you need to know where your improvement effort should be focussed to achieve the best results. The key to reaching and sustaining world leading competitiveness is not a series of randomly selected events, it is to have a vision of the future state of a process and a strategic plan for making that vision a reality.
What is Value Stream Mapping?
In most organisations people tend to work in functional silos, relating only to the people immediately around them in the process and not understanding their impact on the overall delivery of the product or service. Normally few people can describe how the whole picture fits together, the current performance is perceived to be 'as good as it can get' and measures are driven to hit local financial targets without consideration of the impact onto the following period or to other functions.
Value Stream Mapping provides the solution to these problems by:
- Creating a visual representation of the current situation that everyone can understand, supported by additional data analysis.
- Identifying the future state vision we want to achieve aligned to the overall business strategy.
- Defining a detailed route map to achieve the future state vision.
The Industry Forum 10 day Value Stream Mapping programme offers a structured step by step approach to map your value stream. It supports you to visually understand your business operation and then helps you to develop the strategic and tactical action plans that will deliver the impact to the bottom line.
Industry Forum will work with a team of key personnel and management from your organisation who will define the future state and can make the change happen.
The Benefits of an Industry Forum Value Stream Mapping Activity
The benefits of Value Stream Mapping are:
- Being able to react to the customers demand 'pull'
- Eliminating waste to increase the proportion of time that is 'value-added'
- Understanding the true product or service cost
- Understanding the relationship between functions and their knock on impacts
- Reducing inventory and holding it in the right place
- Reducing process lead time
- Increasing manpower and equipment flexibility
- Building robust, standardised processes
Testimonials
We see Value Stream Mapping as the means to prioritise improvement activities and flow their benefits through to the bottom line
For us it is a tool that enables the value stream to be examined both inside Perkins and beyond it.
Working with our suppliers we can use measurement and the maps to identify areas of greatest potential improvement
