Value Stream Mapping
VSM
What is Value Stream Mapping (VSM)?
Value Stream Mapping (VSM) is a visual representation of all the steps—both value-added and non-value-added—needed to bring a product from supplier to customer.
The Role of VSM in Lean Product Management
VSM is a key tool in lean product management. It examines the steps involved in making a product, identifying both high-value activities and wasteful areas. Beyond analysing current processes, VSM also helps design future production models that align with performance goals.
Visualising the Production Process
A value stream map provides a visual breakdown of a company’s production process, highlighting critical activities and phases that contribute to value creation. While the steps may vary from company to company, even for the same product, VSM helps quantify key factors like time input and output volume, offering a data-driven approach to process improvement.
