Value stream management documents, in addition to the daily management of
the areas of an organization along the
value stream, the complete change process starting with
the identification and recording of a value stream (current
state map) up to the planned transfer to a target state (future
state map, FSM). Value Stream Mapping
is a simplified graphical
representation of complex operational processes to identify
waste and main
improvement potentials from an overall view. Successfully applied,
value stream design is an instrument for the holistic improvement
of the production flow and thus results in cost-reduced production.
In addition, individual customer requirements can be processed more
flexibly.