// ROBOTICS AND SMART FACTORIES TERM
Value Stream
A Value Stream includes all the actions, both value-adding and non-value-adding, required to bring a product or service from raw material to the customer. It encompasses the entire journey of a product.
TECHNICAL DEFINITION
A Value Stream encompasses all the steps, both value-adding and non-value-adding, required to transform raw materials into a finished product or service and deliver it to the customer, including information and material flows.
BACKGROUND
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. A value stream map is a visual tool that displays all critical steps in a specific process and easily quantifies the time and volume taken at each stage. Value stream maps show the flow of both materials and information as they progress through the process.
READ MORE ON WIKIPEDIASYNONYMS & ALIASES
- Process Flow
- Production Flow
- Supply Chain Segment
USAGE NOTE
Identifying and analyzing the value stream is the first step in lean transformation.
DEVELOPERS
Organizations developing technology related to Value Stream.
Offers a comprehensive portfolio of software solutions, including Manufacturing Execution Systems (MES) and Product Lifecycle Management (PLM), that enable manufacturers to digitize, monitor, and optimize their production processes and value streams from design to operation.
Provides enterprise resource planning (ERP) and supply chain management (SCM) software that helps manufacturers integrate and optimize end-to-end value streams, from procurement and production to logistics and sales.
Through its DELMIA brand and 3DEXPERIENCE platform, it offers solutions for digital manufacturing, process planning, and simulation, aiding in the design, analysis, and optimization of manufacturing value streams.
Develops Industrial IoT (IIoT) platforms (ThingWorx), augmented reality (Vuforia), and product lifecycle management (Windchill) software that help manufacturers connect, monitor, and optimize their operations to improve value stream efficiency and agility.
Specializes in industrial automation and information solutions, including Manufacturing Execution Systems (MES) like FactoryTalk ProductionCentre, that enable manufacturers to integrate and optimize operations across their value streams for improved productivity.
A global professional services company that advises manufacturing clients on digital transformation strategies, including the application of Industry 4.0/5.0 principles to map, analyze, and optimize their value streams for operational excellence.
Provides cloud-based solutions, including IoT, AI, and digital twin technologies, that enable manufacturers to collect data, gain insights, and optimize processes across their entire value stream, from factory floor to supply chain.
Offers software for asset performance management and manufacturing operations management (MES), helping industrial companies improve efficiency, reduce costs, and enhance throughput across their value streams by leveraging operational data.