Value Stream Mapping
- Social Sciences -
Economics & Business Dictionary
Definition
An operations concept defining how work, materials, and information flow through an organization to deliver products or services. It specifies planning, control, and improvement methods for capacity, quality, inventory, and delivery performance. It does not guarantee service levels without accurate demand signals, stable processes, and appropriate buffers.
Value Stream Mapping
Engineering & Applied Technologies Dictionary
Definition
A lean visualization technique that records and sequences the material and information flows, process steps, inventories and key metrics across an end-to-end value stream to reveal non‑value‑added time, constraints and prioritized improvement opportunities for delivering a product or service to the customer.