Value Stream Map: A Value Stream Map is a graphical representation of the flow of materials and information required to bring a product or service from its beginning to its end. It is used to identify and eliminate waste in a process, and to identify areas for improvement. It can be used to analyze
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.