Value stream mapping is a visual tool used to analyze and improve the flow of materials and information in a process. It helps organizations identify waste, inefficiencies, and areas for improvement by mapping out each step involved in delivering a product or service. This method provides a clear overview of the current state and highlights opportunities for optimization.
By creating a value stream map, teams can better understand how value is added at each stage and where delays or bottlenecks occur. This collaborative approach fosters communication and encourages continuous improvement, ultimately leading to enhanced productivity and customer satisfaction.