Value Stream Mapping 1 Value Stream Mapping Definition • Value Stream Mapping (VSM): – Special type of flow chart that uses symbols known as "the language of Lean" to depict and improve the flow of inventory and information. 2 Value Stream Mapping Purpose • Provide optimum value to the customer through a complete value creation process with minimum waste in: – Design (concept to customer) – Build (order to delivery) – Sustain (in-use through life cycle to service) 3 Why
Premium Lean manufacturing Value stream mapping Kanban
Module 1 - Session 2: Supply Chain Mapping Exercise 1: Supply Chain Mapping Prepared By Mohd Rahman Sep 29‚ 2014 Introduction of Supply Chain Mapping Supply chain mapping is an analytical tool used in process management and strategic SCM. It is a conceptual map which clearly identifies critical parties or players in the supply chain and relationships between them. It also represents the flow of materials‚ cash and information throughout the chain. It can identify bottlenecks
Premium Supply chain management
VISUAL STREAM MAPPING 1.1 Introduction Lean manufacturing is a production practice that considers the expenditure of resources for any goal other than the creation of value for the end customer to be wasteful‚ and thus a target for elimination. Working from the perspective of the customer who consumes a product or service‚ "value" is defined as any action or process that a customer would be willing to pay for. The goal of Lean is to becomes the creation and maintenance of a production
Premium Management Project management Psychology
Value Stream Mapping is a method of creating a “ One page picture “ of all the processes that occur in a company‚ from the time a customer places an order for a product‚ until the customer has received that product. Several things are correlated with value stream maps in businesses. Some examples include value-adding processes‚ non-value-adding (waste) processes‚ and cycle time. That being said‚ the process that we chose to analyze is Barnes and Noble‚ Inc. supply chain. This process includes many
Premium Value stream mapping
Accounting 2nd Semester Assignment Name: Maximos Nathanailidis Date: 28/4/2014 Table of Contents 1. Introduction The purpose of this report is to conduct a comparative ratio analysis of the financial statements of J. Sainsbury PLC and Tesco PLC for the year-ending 2013. The financial information that is provided from each company’s annual report and the comparison between them will help possible users of this analysis to understand not only the differences between these
Premium Balance sheet Asset Financial ratios
IFRS 2008 IFRS 2007 IFRS 2006 IFRS 2005 UK GAAP 2005 UK GAAP 2004 Financial results (£m) Revenue 1 19‚287 18‚518 17‚317 16‚573 16‚573 18‚239 Revenue (inc VAT) - continuing operations 19‚287 18‚518 17‚317 16‚364 16‚364 15‚517 Underlying operating profit Sainsbury’s Supermarkets 535 429 352 308 321 564 Sainsbury’s Bank - 2 (10) 17 13 26 535 431 342 325 334 590 Underlying net finance costs 2 (45) (51) (75) (88) (92) (60) Share of post-tax (loss)/profit
Premium Generally Accepted Accounting Principles Revenue Balance sheet
is Value Stream Mapping (VSM) 1 1.2. When to use Value Stream Maps 2 2. VSM CHARACTERISTIC 4 2.1. VSM Line Conventions 4 2.2. VSM Symbol And Definition 6 2.2.1. VSM Process Icons 6 2.2.2. VSM Material Icons 7 2.2.3. VSM Information Icons 8 2.2.4. VSM Miscellaneous Icons 9 3. IMPLEMENTATION OF VALUE STREAM MAPPING 10 3.1 Objective of Using Value Stream Mapping 10 3.2 Designing Flow of Value Stream Mapping 11 3.2.1. Current State Value Stream Mapping (CSVSM) 12
Premium Value stream mapping Lean manufacturing
Perceptual Mapping Perceptual mapping is a graphics technique used by asset marketers that attempts to visually display the perceptions of customers or potential customers. Typically the position of a product‚ product line‚ brand‚ or company is displayed relative to their competition. Creating a Perceptual Map The way to determine a product or service’s current position in the marketplace compared to the competition is with a customer perceptual map. Example: Choose a product or service and identify
Premium Marketing
and often provide a regeneration focus for areas of towns and cities. Concessions at Sainsbury ’s trade within the stores and car parks‚ delivering a complementary and compelling range of products and services to their customers. Their partners include: Timpson‚ Johnsons Dry Cleaners‚ Centre for Dentistry‚ Explore Learning‚ Bupa‚ Starbucks‚ Thomas Cook‚ RAC‚ AA and Virgin Holidays. Materials and Waste: Sainsbury ’s have implemented a scheme to reduce waste and materials used in the production and
Premium Copyright Property Intellectual property
BS 3106 Advanced Financial Accounting Dr Bala Balachandran Autumn Term Coursework Topic: Business analysis of J Sainsbury and Morrisons Group 11: Malaly Zaheer BIF3 070013399 Jiayao Zhou BIF3 080014469 Elaine Yap BIF3 080047892 Fei Wang IFRM3 090035262 Table of Content: 1. Objective……………………………………………………………………………………………………1 2. Introduction………………………………………………………………………………………………1 3. Financial performance analysis………………………………………………………………….2 4. Operating
Premium Financial ratio Financial ratios Sainsbury's