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Value Stream Map (VSM)

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Term Definition
Value Stream Map (VSM)

Similar to a process map, it diagrams the flow of a process. However, it doesn't document decision points or detailed process steps, but instead focuses on the timeliness (efficiency) within the flow of products through the process by tracking value-added and non-value-added steps, process cycle times, take time, inventory, staffing, etc. 
Related StatStuff Video: 
   -Section 2-Lean, Lesson #12 - Value Stream Maps

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