What is Value Stream Mapping? Explained with help of Example.

Value-stream mapping, also known as "material- and information-flow mapping",?is a?lean-management method for analyzing the current state and designing a future state for the series of events that take a product or service from the beginning of the specific process until it reaches the customer.?Value stream mapping (VSM) is defined as?a lean tool that employs a flowchart documenting every step in the process. Many lean practitioners see VSM as a fundamental tool to identify waste, reduce process cycle times, and implement process improvement.

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