Question: What is the first step in creating a Value Stream Map? What is the purpose of the Future State Map?

What is the first step in creating a Value Stream Map? What is the purpose of the Future State Map?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

Product XX Customers need 6 0 0 pcs / week . Orders 3 5 0 and 2 5 0 pcs twice a week Material flow: Production in 3 phases Operation A Cycle time 6 0 seconds Setup time 4 hours Uptime 8 0 % Available...

Q:

Product XX Customers need 6 0 0 pcs / week . Orders 3 5 0 and 2 5 0 pcs twice a week Material flow: Production in 3 phases Operation A Cycle time 6 0 seconds Setup time 4 hours Uptime 8 0 % Available...

Q:

Product XX Customers need 6 0 0 pcs / week . Orders 3 5 0 and 2 5 0 pcs twice a week Material flow: Production in 3 phases Operation A Cycle time 6 0 seconds Setup time 4 hours Uptime 8 0 % Available...

Q:

Product XX Customers need 6 0 0 pcs / week . Orders 3 5 0 and 2 5 0 pcs twice a week Material flow: Production in 3 phases Operation A Cycle time 6 0 seconds Setup time 4 hours Uptime 8 0 % Available...

Q:

A: First evaluate the "current state" value stream map. Office Supplier Ware- house Pre-Fab 2 Hour Engine 1 Hour Wiring 2 Hour Customer $1,000,000 $100,000 $500,000 10 days = 240 Hours (2+1+2)/240 =...

Q:

1Which of the following is NOT true of SMART goals? Select one: a. Simple b. Measurable c. Ambitious d. Realistic 2Which type of decision reflects the values and ethics of the people who make them?...

Q:

1 Which of the following is NOT true of SMART goals? Select one: a. Simple b. Measurable c. Ambitious d. Realistic 2 Which type of decision reflects the values and ethics of the people who make them?...

Q:

Value Stream Mapping (VSM): Creating current and future state process map imaginary but realistic data for your value stream mapping (VSM) project. This data is designed for a company like Pluto...

Q:

Create a swim lane process map ( with draw.io ) for this story with a swim lane for each of the staff role that interacts with the patient. Include cycle times ( durations ) for each step. Note...

Q:

Need help creating a value stream map of the supply chain. VALUE-STREAM MAPPING EXERCISE Slim Line Blinds A window coverings manufacturer, Slim Line Blinds, is having many problems with critical...

Q:

Two varieties of flu spread through a school one winter. The probability that a student gets both varieties is .18. The probability that a student gets neither variety is .42. Having one variety of...

Q:

A company is considering investing in a new production line that will cost $2 million. The production line is expected to generate annual cash flows of $500,000 for the next 6 years. The company's...

Q:

Waseem solved a quadratic equation with rational coefficients and found that the roots are 2 - sqrt(3) and 1 + sqrt(3) Explain why his answer is wrong.

Q:

For this question, refer to the Bank of Ghanas Monetary Policy Committee Press Release of March 18, 2020. a) In ordinary language, explain the meaning of monetary policy. What is the difference...