7Value Stream Management
Introduction
Value stream management is the integration of lean management accounting with lean practices into a holistic management system. Value stream management is designed to serve customers better, improve productivity and improve financial performance.
A value stream management system is deployed at the value stream or business process level of a lean company and consists of the tools, practices and routines to control, improve, plan and manage any operational value stream or administrative business process. It can be deployed in any lean company, and in any type of industry.
Figure 7.1 illustrates the value stream management system. Planning, known as annual strategy deployment, ...
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