Value Stream Mapping (VSM) Notes: Definitions & Explanations PDF | Download eBooks
Study Value Stream Mapping (VSM) lecture notes PDF with supply chain management definitions and explanation to study What is Value-stream Mapping (VSM)?. Study value stream mapping (vsm) explanation with SCM terms to review supply chain management course for online MBA programs.
Value Stream Mapping (VSM) Definition:
A process that helps managers understand how to add value in the flow of material and information through the entire production process.
Operations Management: Sustainability and Supply Chain Management by Jay Heizer, Barry Render, Chuck Munson
Value Stream Mapping (VSM) Notes:
An esteem stream can be characterized as every one of the means - both esteem included and non esteem added - required to take an item or administration from its crude materials state and convey it to a customer. Through the utilization of this system, it is conceivable to detach those means that influence the procedure yet don't increase the value of it, consequently prompting a lost in proficiency and, at long last, benefit.
Keep Learning with Supply Chain Management Notes
What is First-Tier?
Regularly, Tier 1 organizations offer the most progressive procedures in the store network. This is the last advance before the ...
What is Single-Minute Exchange of Dies?
Single-minute Digit trade of bite the dust is one of the many lean creation strategies for lessening waste in an ...
What is Standard error of the estimate?
Standard error of the estimate is used to measure the variation of observation that is made around the regression line. ...
What is Programme?
Program the board or program the executives is the way toward dealing with a few related tasks, frequently with the ...
What is Division of Labor?
Division of work, the detachment of a work procedure into various assignments, with each undertaking performed by a different individual ...
What is Focus Group?
A center gathering is a little, yet demographically differing gathering of individuals and whose responses are contemplated particularly in statistical ...