Shortest sustainable lead time with the best possible quality and value to people and society.
- House of Lean
Value Stream is the fundamental way the business is delivering value through a sequence of steps. The steps when mapped for value creation and delays between steps (value vs. waste) format helps us to eliminate waste and gain quicker feedback and value delivery for business and customers.
In this blog, we will explore how to utilize the value-stream in our visualization steps for our teams, programs and portfolio and delivery management through a step-by-step guide.
Value stream mapping exercise consists of few essential and straightforward steps but needs high collaboration of all the required members who are part of the value stream (at least we need the key people who can provide details about the overall steps or their steps in the value stream).
Usually, the Value stream helps as a starting point to look at all the steps holistically and improve the organization. This type of mapping helps us to see which actions are at high-level and which activities are at the execution level and to further categorize a multi-level connected kanban approach for the entire organization end-to-end flow.
The value stream and value stream mapping are an integral part of the Lean thinking and help us to define a continuous improvement culture through the following fundamental loop of “kaizen” big picture
The Lean thinking approach makes a simple and powerful thinking-enabling process by a shared understanding of “Maximising Value and minimizing Waste,” while we could always focus on optimizing the value creation steps, we can gain significant benefits of minimizing waste in our flow. And this step of value stream is part of the continuous exploration, continuous development & deployment and continuous delivery of value with continuous improvement work culture.
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