Value stream mapping

Let us recognise the value stream and focus on elimination of activities that do not add value

Objectives

Get to know your customer and his/her needs (requirements)
Satisfy your customer’s requirement
Learn to differentiate between added and non-added value from the customer’s point of view
Reduce production lead time

1
Activities adding value are activities which the customer is willing to pay for
2
Activities not adding value are activities that are not necessary for the creation of the product and for which the customer does not pay. They are a waste, i.e. redundant costs.
3
Time when value is added usually forms just a fraction of total time spent in the organisation.