Welcome to Model Monday!
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Model Monday is a weekly series where we break down scenarios in different industries, organizations, and departments and explain how you can build a simulation of them in Process Playground.
This week's Model Monday prompt ????????
Loan applications. They trigger three sub-processes that flow in tandem: Appraisal, Underwriting, and Preparation.
1?? - Generate Applications - model the demand for incoming applications
2?? - Create Work Streams - applications are 'split' into the work streams
3?? - Model Activities - people work on the application in their respective streams. If you have multiple people working on this activity at the same time (on different loan applications), you can indicate that in this block
4?? - Split-Off Failures - some applications fail in appraisal or underwriting
5?? - Reassemble Package - applications are 'reassembled' as the sub-process merge on completed appraisal, underwriting, and prep work. This block also ensures the correct pieces are put back together
6?? - Finalize Package - additional work is performed on the completed application packageModels expand the boundaries of possible improvements by allowing studying and testing more expansive changes than small, incremental ones without much investment.
Whether for use in a Lean Six Sigma project or to support training by creating 'virtual Gemba' models for students to work with, process modeling has become an integral part of the continuous improvement world.
Models expand the boundaries of possible improvements by allowing studying and testing more expansive changes than small, incremental ones without much investment.
Test before you invest! ?? See what Process Playground can do for you by checking out the link below and starting your free trial!
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