What is transactional value stream mapping? A transactional value stream is a set of business processes that involves adding value through the transfer of information from one subprocess to the next. These are often support
What is transactional value stream mapping?
A transactional value stream is a set of business processes that involves adding value through the transfer of information from one subprocess to the next. These are often support processes rather than customer facing ones.
How is a transaction value stream different from a manufacturing value stream?
The primary difference between manufacturing and non-manufacturing processes is the “Flow Unit” – this is the base unit that flows through the value stream as the value is being added to it. In manufacturing, the flow unit is inventory. In transactional process it may be a document, report (paper or virtual) etc.
What is value stream mapping examples?
Examples are inventory type and size, cycle time, change-over time, machinery or process uptime and downtime, number of workers, shifts worked, available working hours and batch size. All of these could result in finding efficiencies and cutting waste. Add that process data to the data boxes of your Value Stream Map.
What are process maps What is the new approach to process mapping?
Process Mapping is the technique of using flowcharts to illustrate the flow of a process, proceeding from the most macro perspective to the level of detail required to identify opportunities for improvement. Process mapping focuses on the work rather than on job titles or hierarchy.
What is value stream manufacturing?
The “value stream” identifies all the actions and steps that a product takes throughout a manufacturing process, starting with obtaining raw materials all the way to final delivery of a product. It’s important to map out the entire manufacturing process, including: Cycle times. Down times. In-process inventory.
Is a transactional process?
A transactional process (in contrast to physical manufacturing) is one that transforms information and data. For example office activities, financial functions, credit card transactions, insurance industry, order processing, invoicing, and many service functions such as help lines and help desks.
What are the three key techniques for improving a business transactional process?
Below is a quick list of transactional process improvement initiatives where our clients have achieved significant benefits:
- Strategic Planning and Business Alignment.
- Customer and Market Research.
- Produkt and Market Strategy.
- Product Management and SKU Rationalization.
- New Product Development and Time-to-Market.