How does value stream mapping help?
Value stream mapping is incredibly important. Not only does it help you understand your processes, but it also helps translate that understanding into methods that improve your processes. It is critical to business sustainability.
There are three reasons for this:
- Eliminating waste improves the bottom line for your organization. You also discover the root cause and source of waste using this process.
- Teams will discard individual assumptions and prioritize them based on the perspective of the customer.
- Wasteful handoffs can be identified easily through visualizations that have been created with value stream mapping. Teams can identify and react to improve their collaboration, communication, and culture.
While the process of creating value stream maps can be incredibly useful to your organization, it can also present some challenges. Let's look at these challenges in more detail.