VALUE STREAM MAPPING AND ITS SIGNIFICANCE IN THE PRODUCTION PROCESS

Abstract

Monitoring of flows (material, information, personal, energy, financial, etc.) in the production process is always inevitable approach while searching for improvements. There are, radical improvements known as innovations, and continuous improvement established by KAIZEN principles and its useful methods. Both approaches focus on processes that add value, and minimise or eliminate those without added value. The main target of this paper is to analyse the Value stream mapping approach and its benefit to the practical world.