Value-stream mapping

Definition

Value-stream mapping is a lean-management method used for analyzing the current state and designing a future state for the series of events that take a product or service from its beginning through to the customer. It helps identify waste and streamline production processes.

Related terms

Lean Management: A systematic method for waste minimization within a manufacturing system without sacrificing productivity.

Process Improvement: The proactive task of identifying, analyzing, and improving upon existing business processes within an organization for optimization and meeting new quotas or standards of quality.

Waste Reduction: The process of minimizing unwanted or unusable materials produced by a business in order to increase efficiency and reduce costs