“Value” is defined as an action or process that a customer is willing to pay for. Value streams are all the actions (both value-added and non-value added) currently required to produce a product that meets customer demand. VSM is a pencil paper tool that means improving the whole process of manufacturing, not just an isolated process. This Value Stream Mapping is the language of lean practitioners, just as drawings are the language of engineers.
Value stream maps serve as an important tool during the review process, revealing key opportunities to reduce costs, improve production flow, save time, reduce inventory, and improve overall performance.
Value stream analysis includes:
- All activities to meet the customer’s order.
- The logistics flow for Supplier – Factory – Customer.
- The information flow for Customer – Factory – Supplier.
No matter how fundamental the tool (value stream mapping) is, it forms the basis for further improving productivity and process flow. The Faber Infinite Consulting team is an avid implementor of value stream mapping tool across various industries and sectors. We have always believed in deploying value stream mapping to provide optimized business solutions.
We believe in innovation and are always supporting the same across industries and sectors to achieve the ultimate goal of continuous improvement and sustainable development. Team Faber Infinite has produced staggering results for multiple organizations, from leading lighting solutions companies to the largest engineering companies to leading suppliers of Railways & Metro manufacturers!
Faber Infinite’s breakthrough methodology – Value Stream Mapping 4.0 – where organizations identify solutions from both traditional and Industry 4.0 perspectives, handle inefficiencies, and the future. It helps you design a lean value stream in preparation for, the Industrial IoT (IIoT) as a powerful framework with great potential.
This framework is incomplete without the idea of LEAN. Only lean thinking leads to IIOT. Therefore lean thinking makes it more important than ever, so we can focus on creating value. Value stream mapping as the basis for lean management identifies areas for improvement by comparing the current state with the desired future state. This ultimately takes the organization to the next level of intelligent manufacturing journey.
Few of the tangible results delivered at client sites include:
- Reduction in production throughput time by 36%
- Production Improvement by 23%
- Reduction in inventory by 29%
- Improvement in productivity by 32%
- Improvement in component availability by 16%
- Reduction in distance travelled by 43%
- Reduction in change over time of the machine by 38%
- Reduction in cycle time by 27%
Over the years, Team Faber has consistently produced results and provided the best solutions to customers in all industries. We are pleased to roll out this combination of innovative and proven approach of Value Stream Mapping 4.0 at a few of our clients from the engineering and pharmaceutical manufacturing domains.
We support our customers with the implementation of the Organization Transformation Framework©, which is designed and copyrighted by Faber Infinite Consulting.
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Written by Faber Aleena & Compiled by Faber Mayuri
