Application of Value Stream Mapping in a Manufacturing Firm in Bosnia and Herzegovina

Abstract

The goal of this study is to examine one of the pivotal tools in the lean production methodology, a method known as value stream mapping (VSM). The implementation of the VSM method was done within a medium sized organization that produces parts and delivers them directly to one of Europe's biggest automotive OEM`s. The result of the undertaken research proves that through the application of value stream mapping not only sources of waste can be identified, but also through the application of methods such as 5S and SMED, considerable process improvements can be achieved. The paper explains the steps of value stream mapping for the firms that plan to use this technique. The paper also gives suggestions for the firms in Bosnia and Herzegovin for applying value stream mapping in their firms. (English) [ABSTRACT FROM AUTHOR]