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Value Stream mapping is a lean and six sigma tool used to visually understand the flow of materials and information for a given process or set of activities. The value stream map includes both information and material or service flows that identify value added and non value added activities. A value stream map is a fundamental tool used to lead waste reduction projects, cycle time reductions and other improvement activities.
Before this powerful tool gained the name value stream map it was referred to as a material and information flow diagram or map by Toyota.
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