Value Stream Mapping - Definition
If you still have questions or prefer to get help directly from an agent, please submit a request.
We’ll get back to you as soon as possible.
- Accounting, Taxation, and Reporting
Law, Transactions, & Risk Management
Government, Legal System, Administrative Law, & Constitutional Law Legal Disputes - Civil & Criminal Law Agency Law HR, Employment, Labor, & Discrimination Business Entities, Corporate Governance & Ownership Business Transactions, Antitrust, & Securities Law Real Estate, Personal, & Intellectual Property Commercial Law: Contract, Payments, Security Interests, & Bankruptcy Consumer Protection Insurance & Risk Management Immigration Law Environmental Protection Law Inheritance, Estates, and Trusts
- Marketing, Advertising, Sales & PR
- Business Management & Operations
- Economics, Finance, & Analytics
- Professionalism & Career Development
What is Value Stream Mapping (VSM) or Value Stream Analysis?
Value stream mapping is a method for analyzing the value delivery process in a business. More specifically, it is primarily used to create a graphical or visual representation of the value chain in a business. This includes mapping operations and administrative processes. Collectively, this is known as the flow value or a value flow visualization.
Value stream mapping is used to increase efficiency by minimizing waste and more efficiently allocating resources - such as time, labor, materials, equipment, and information. It helps identify inefficiencies, such as process bottlenecks. Value stream mapping is integrated into quality management and lean management approaches.