Devote your energy to product attributes customers are willing to pay for and eliminate wasteful features your market isn’t interested in.
You must create a product needed by your customers, and you have to differentiate yourself from your competitors to make customers buy your product instead of others.
Value stream mapping (VSM) is a tool to describe and visualize your company value stream. Perhaps it’s not a tangible tool, but more of a method. Nevertheless, it is used to identify waste, bottlenecks and improvement areas.
However, value streams are often large and complex, thus mapping it on a visual board takes a lot of space and often requires multiple participants to include all aspects.
Identify and discuss bottlenecks, pain points and improvement areas. This will create the foundation to design the future state of the value stream.
Identify and discuss bottlenecks, pain points and improvement areas. This will create the foundation to design the future state of the value stream.
The outcome should be a set of SMART targets for your organization, all of which to drive the processes towards a common goal: Improvement.