Companies have been using the Lean manufacturing approach to enhance their operations for more than thirty years. As part of the Industry 4.0 shift, organizations can tailor both ideas and concepts to take operational excellence to the next level by combining digital and physical systems. As manufacturing moves into the twenty-first century, the Lean and Industry 4.0 concepts are frequently complementary and can produce incredible benefits.
There is a new wave of transformation on the horizon. As they strive to characterize this phenomenon, organizations compete for a competitive position. Industry 4.0, often known as the fourth industrial revolution, and the industrial internet of things (IIoT) are two concepts that have been widely tested. Although technology has aided the current change, there is a timeless force at work. Material velocity and manufacturing efficiency are two factors to consider. The goal of manufacturing or operations management is to increase production efficiency. Experts have coined the term ‘Lean Industry 4.0.’
The primary focus of Lean and Digital Manufacturing will always be on addressing quickly evolving difficulties. As a result, this paper proposes a comprehensive technique – Value Stream Mapping (VSM) – for improving processes in the context of Lean and Industry 4.0.
Value Stream Mapping has become one of the most powerful Lean Manufacturing methods for holistic value stream improvement for many firms. One of the key ideas pursued by Value Stream Mapping Consultants is the reduction of non-value-adding activities. Industry 4.0 has received more attention in recent years as a response to the rising complexity and dynamics of modern manufacturing processes.
The goal is to achieve higher degrees of data and material flow digitalization, integration, and automation within a factory and beyond, including suppliers, vendors, and customers. Value Stream Mapping aids in the development of more transparent and unambiguous decision-making processes as well as the improvement of production systems.
Lean practitioners have been utilizing Value Stream Mapping to visualize and measure the efficiency of their systems. It is not the only tool available, and it is frequently claimed that using any instrument to get it on paper is the most important thing you can do (virtual or otherwise). You don’t know what you’re dealing with unless you’ve established the process, information, and material flow utilizing a solid Value Stream Mapping approach.
Value Stream Mapping (VSM) is a well-known, extensively used, and comprehensive process for mapping, analyzing, and developing value streams to reduce and eliminate waste. Digitization and Industry 4.0’s new, exciting prospects to integrate information flows, reduce lead times, and improve flexibility and efficiency in complicated situations can also help.
Many firms have found success with Value Stream Mapping; a brief Value Stream Mapping exercise for “getting started for smart manufacturing” will produce a lot of outcomes. Value Stream Mapping has always included information flows, and thought leaders in this space have already recognized the benefits of Value Stream Mapping, such as how it seamlessly integrates with Industry 4.0 initiatives like smart manufacturing, machine learning, automation, and the internet of things, among others.
Value Stream Mapping (VSM) is a popular tool implemented by Faber Infinite Consulting in a comprehensive process for mapping, analyzing, and developing value streams to reduce and eliminate waste. Digitization and Industry 4.0 offer new, intriguing prospects to integrate information flows, reduce lead times, and boost flexibility and efficiency in complicated situations. Contact us for more information.
Written by Faber Aleena & compiled by Faber Mayuri
