Of dollars and sense

Adding financial information makes value stream maps even more valuable 

By Christopher D. Chapman

Continuous improvement teams embark on value stream mapping to represent a product’s production path visually, including the material and information flow. The maps identify problems and inefficiencies that need to be corrected. The team can see the big picture, or all the actions, currently required to transform a product or service from its beginnings until it reaches the hands of the customer.

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