// ROBOTICS AND SMART FACTORIES TERM
Value Stream Mapping
Value Stream Mapping (VSM) is a lean tool used to visualize, analyze, and improve the flow of materials and information required to bring a product or service to a customer. It helps identify waste and opportunities for improvement.
TECHNICAL DEFINITION
Value Stream Mapping (VSM) is a lean management technique used to visually represent the current state of a product's or service's entire production process, from raw materials to customer delivery, identifying waste and opportunities for future state improvements.
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
- VSM
- Process Mapping
- Lean Mapping
USAGE NOTE
VSM helps identify bottlenecks and waste, guiding lean improvement efforts.