Word of the Day: value stream mapping & Quiz

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Word of the Day & Quiz Daily updates on the latest technology terms | August 13, 2020 value stream mapping The worlds of web content production and manufacturing are filled with insider jargon about providing value to the customer. Do you speak the language well enough to pass a quiz on today's Word of the Day: value stream mapping? Take today's Quiz and find out! (Hint: The answers are below.)     1. What type of chart is commonly used to provide stakeholders with a visual reference point for identifying value and eliminating waste? Answer   2. What popular production methodology, inspired by the Toyota Production System, introduced value stream mapping to Agile software programmers? Answer 3. What synonym for continuous improvement proposes the idea that small, ongoing positive changes can create value and reap significant improvements? Answer 4.  What word is commonly used in project management as a synonym for a bottleneck that introduces downstream waste? Answer 5. What management framework is based on the belief that an organization can build long-term success by having all its members focus on improving quality and delivering customer satisfaction? Answer Eye on Tech Video Watch this Eye on Tech Video definition about lean management and learn more about the role value stream mapping plays in continuous improvement. Word of the Day: value stream mapping Value stream mapping is a visualization strategy in which all the repeatable steps required to bring a product to market are documented in a flowchart. In this context, value is defined by what the internal or external customer is willing to pay for. Value stream mapping has its roots in lean manufacturing and originated as part of the Toyota Production System. The goal of mapping value streams is to:   1. Identify work that does not provide value to the customer.   2. Encourage management to become more aware of how their actions impact value in upstream and downstream workflows. Continue reading... Lean Management News   Value stream management tames DevOps chaos at Eli Lilly Eli Lilly discovered that simply using software delivery automation tools doesn't bring about IT efficiency. Instead, achieving that goal required a top-down view and detailed measurements of IT and business processes, a practice known as value stream management.   Why 'horizontal value streams' matter in Enterprise DevOps Once you've understood a process end-to-end, and know where there are delays and constraints, you can start to look at which delivery chain improvements serve the business goals of that value stream best, so you can prioritise work. Value stream mapping vs. process mapping to drive process innovation What's the difference between value stream mapping vs. process mapping? One is focused on making an existing process more efficient, while the other dissects the value of each step. Learn how they should be used together. Pop Quiz Answer Key 1. flowchart 2. lean production 3. kaizen 4. constraint 5. Total Quality Management (TQM) Stay in Touch Thank you for reading! For feedback about any of our definitions or to suggest a new definition (or learning resource) please contact me at mrouse@techtarget.com FOLLOW US About This E-Newsletter The Word of the Day is published by TechTarget, Inc., 275 Grove Street, Newton, Massachusetts, 02466 US. Click to: Unsubscribe. You are receiving this email because you are a member of TechTarget. When you access content from this email, your information may be shared with the sponsors or future sponsors of that content and with our Partners, see up-to-date Partners List, as described in our Privacy Policy. For additional information, please contact: webmaster@techtarget.com. © 2020 TechTarget, Inc. all rights reserved. Designated trademarks, brands, logos, and service marks are the property of their respective owners. Privacy Policy | Partners List