Value Stream Management (VSM) is a method of identifying, analyzing, and improving both the flow of work and the flow of value to customers. Value Stream Mapping is a way of mapping out the steps in a process and identifying areas where value is added or waste is present. By doing this, organizations can identify opportunities for improvement and make changes to their processes to increase efficiency and reduce waste. Value stream management can be applied to a wide range of industries and can help organizations of all sizes to optimize their operations and better meet the needs of their customers.
In the following interview (both video and audio), Dave Prior and I explore why Value Stream Management is so important, how it works, the connection to Value Stream Mapping, and how you can get started with it.
https://youtu.be/nxGvpnWgoIM