Value stream mapping consulting to provide new value to consumers and optimize manufacturing costs

Companies all over the world have to deal with the challenge of meeting the ever-growing consumer expectations and value systems, while keeping the products and services affordable.

Value Stream Mapping or VSM is a lean manufacturing technique which is being used by businesses of all sizes across industries to create more value for consumers while optimizing costs. This visualization tool is also used for continuous improvement (CI) in order to identify and eliminate waste in manufacturing processes.

The process of value stream mapping consulting typically begins by capturing the current state of the organization, and how materials and information flow. Subsequently, the consultants work on drawing a future state map for the organization, and how materials and information should flow to improve value for the end user and the organization. Value stream mapping can be likened to a flowchart, that depicts the flow of materials and information down a business process. Any VSM process should promote open lines of communication and teamwork in different parts of an organization, that would help in increasing collaboration, eliminate delays and lags, and boost production efficiency.

Order to cash process

A model is created during value stream mapping consulting which shows how much time, effort, and cost is required for a specific process. It is applicable to small functional processes, manufacturing processes such as building a product, and complex horizontal processes such as "order to cash" which is the most common value stream mapping consulting service provided by the consultants at Group50 Consulting. As per the consulting firm, a VSM project is as much about getting people to think about improving the processes they own as it is about getting to the details of how a process really works and giving the organization the tools and skills to implement long-term improvement.

VSM tools and technology backbone

Additionally, a VSM project should be able to realize immediate results by identifying causes of waste (Muda), inefficient process flows (Mura), and misaligned capacities (Muri). It should provide significant insight into lead times and bottlenecks in the business processes and supply chains, and also how technology is being used. Group50 value stream mapping consulting uses a series of tools in its VSM project activities including Lean Business and Lean Manufacturing Assessment, which are part of its Company Physical®̥. The consulting firm with over two decades of experience extensively uses Kaizen techniques and other continuous improvement tools for implementing short-term projects, planning the projects and transferring the requisite knowledge and tools so that people in the organization.

The Value Stream Map is generated with process owners and engages them in helping to develop a process map that people at all levels can touch and feel. During this process, the value stream mapping consulting firm provides valuable suggestions to the organization to eliminate waste, shadow systems, identify quality issues, and create short-medium-long term process improvements. Group50 has successfully utilized these VSM processes in manufacturing, distribution, big data services companies, customer service, and distribution, to name a few. Its unique approach to VSM consulting has been explained in the firm's Brown Paper Exercise.

Group50.com is a top US based Global management consulting firm that helps businesses develop performance. Our Strategy Execution Consulting Services and Business Process Management Services quickly automate business growths & profitability.