Please explain the points value stream mapping with an example.

1. Value Stream Mapping 1.1 Definition Value stream mapping commonly referred as material & information flow mapping, an approach of lean management for assessing the present state as well as creating a future outcome for the chain of events that carry a product or service from the start of a given process to the customer (Liu, Yang, & Xin, 2020). This methodology enables the creation of a thorough picture of all work process phases. It depicts the flow of products from the supplier to the client inside the business. VALUE STREAM Stamping Process Machining Process Assembly Process ASSEMBLY Custo -mer od PIOT B Raw Material Finished Product A software firm, for instance, provides value to its clients in the form of solutions of software as well as all features contained inside. 01: Value Stream Mapping (VSM) : Definition (Liu, Yang, & Xin, 2020) > Value stream mapping commonly referred as material & information flow mapping It is an approach of lean management It assess the present state as well as creating a future outcome for the chain of events that carry a product or service from the start of a given process to the customer. VALUE STREAM Stamping Process Machining Process Assembly Process 2528_Y od 600 Custo -mer 111 Raw Material Finished Product