VSM is different than conventional recording techniques, as it captures the information at individual stations about station cycle time, up time or utilization of resources, set-up time or change over time, work in process inventory, man power requirement and the information flow from raw material to finish goods. It covers both value adding as well as non-value-adding activities. This paper covers the review and classification of literature on VSM, as there is hardly any paper on literature review of VSM, so it will be very beneficiary for both academician and industry people. Applications of VSM are also presented by a case study of a small manufacturing Indian industry and reduction in lead time, processing time, work in process inventory and manpower requirement at individual stations are noticed.
Value Stream Mapping: A Case Study of Fastener Industry
VSM (Value Stream Management) for service industry - Lean Manufacturing
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Value Stream Mapping | VSM Study with examples | Case Study
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In many industries, value stream mapping is a useful tool for visualizing the process it takes to deliver a product or service. In fact, the practice of value stream mapping is so valuable to organizational efficiency that it can be traced all the way back to Current State Maps present what the actual process looks like for any operation, beginning to end. With this type of value stream map, you can identify weaknesses or points of waste to create an improved version of operations. So the Future State Map is the improved and idealized version of your current state.