December 2002
Intermediate to advanced
848 pages
20h 22m
English
A value stream is all activities, both value added and non-value added, required to bring a product from raw material into the hands of the customer, a customer requirement from order to delivery, and a design from concept to launch. Value stream improvement usually begins at the door-to-door level within a facility, and then expands outward to eventually encompass the full value stream (Womack and Jones, 1996, page 311). A value stream consists of both product and service flows and information flows.
| Type of Waste | Example |
|---|---|
| Complexity | Unnecessary steps, excessive documentation, too many permissions needed. |
| Labor | Inefficient operations, excess headcount. |
| Overproduction | Producing more than the customer ... |
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