How to Compose a Value Stream Map or VSM

  Рет қаралды 2,741

Dr. D University

Dr. D University

Күн бұрын

In this video I explain how to compose a Value Stream Map or VSM for the Operations Plan of a business plan.

Пікірлер: 79
@cashaunatemple
@cashaunatemple 7 ай бұрын
Your description what bottleneck mean was easy to understand, in my opinion. I like how the sweater manufacturing company provided a real-world illustration of how some process steps can become overloaded with work, leading to delays and inefficiencies. For entrepreneurs, the focus on error rates and time wasting is important. The VSM concept was made simple to understand by simulating the sweater-making process with symbols like lightning bolts, eyeglasses, and castle walls. The thorough analysis of every stage, from receiving a customer's purchase to delivering the product, demonstrated how efficiency is impacted by wait times and mistake rates. Cashauna Temple
@nessejohnson4846
@nessejohnson4846 7 ай бұрын
I was having a hard time with the VSM regarding the set up and key components of it all, so watching this video help a lot thank you -Anessia Johnson
@Adamwesley63
@Adamwesley63 2 ай бұрын
This clarifies the VSM for me, thank you. -Adam Johnson
@kennedyj16
@kennedyj16 2 ай бұрын
This video does an excellent job at explaining how the VSM flows and the purpose! Kennedy Taylor
@ninamillender6027
@ninamillender6027 3 ай бұрын
In this video I learned that value stream maps are a way to identify bottlenecks in a process (which are areas where work is slowed down). I liked the example of a company that makes sweaters to illustrate how value stream maps work. - Nina Millender
@robertadams5062
@robertadams5062 7 ай бұрын
Nice video! I learned about the use of value streams and the concept of bottlenecks. Value stream maps are useful tools for identifying bottlenecks and finding solutions and bottlenecks occur when there is an overflow of work that is not being processed at the same rate as other steps in a process. Waiting time is a major cause of bottlenecks and a waste of time. - Robert Adams
@DeMarioGantt
@DeMarioGantt 2 ай бұрын
I gained knowledge about the VSM, the many variables that go into creating the map, how to prioritize tasks, and where to allocate funds and personnel for operations. -DeMario Gantt
@antoinetteneal7353
@antoinetteneal7353 5 ай бұрын
Vsm is used to show where your over flow of work isn’t being processed, where it should be processed. The example used was really good to show how in a process some things will get done faster than others. Not every business needs a value stream map. -Antoinette
@anthonywalker7144
@anthonywalker7144 5 ай бұрын
I gained knowledge about the VSM, the many variables that go into creating the map, how to prioritize tasks, and where to allocate funds and personnel for operations.-Anthony Walker
@lynnakakellum2050
@lynnakakellum2050 2 ай бұрын
The value stream map (VSM) is used to help find at what steps in a process there is work overflow (bottlenecks). The sweater making example helped me understand how to compose a VSM. ~Lynnaka Kellum
@Matty2Times
@Matty2Times Жыл бұрын
I learned about the VSM and the multitude of factors that go in to constructing the map and where to focus your priorities with where money and time for operations should go. - Matt Edwards
@KelvinArcher-fc3jm
@KelvinArcher-fc3jm 2 ай бұрын
I gained insight into the Value Stream Mapping (VSM) process and the various factors involved in creating the map, as well as identifying key areas to prioritize resource allocation, including both finances and time, for operational improvements. -Kelvin Archer
@rustynellis2344
@rustynellis2344 2 жыл бұрын
i learned that time management is a big part to success you make from your business
@justinjoseph3759
@justinjoseph3759 7 ай бұрын
I learned the importance of VSM and how it helpe you figure out exactly what is most important to focus on in a business vs what not to,
@tylanwalker67
@tylanwalker67 Жыл бұрын
I gained knowledge about the VSM and the several elements that go into creating the map, as well as how to set priorities and allocate resources for activities.- Tylan Walker
@marlenemorrison3601
@marlenemorrison3601 4 жыл бұрын
This has been invaluable. I look forward to more videos.
@DrDUniversity
@DrDUniversity 4 жыл бұрын
I am so glad you enjoyed the video!
@bipularyal4275
@bipularyal4275 7 ай бұрын
I learned that the Value Stream Map (VSM) is a valuable tool for identifying and addressing waste in a company's processes. It's important to consider factors like time and cost when constructing a VSM. Bipul Aryal
@sandeshgnawali3711
@sandeshgnawali3711 8 ай бұрын
I've gained knowledge about the Value Stream Map (VSM) and the various elements involved in creating the map. Additionally, I learned how to set priorities and allocate resources for different activities. - Sandesh Gnawali
@jfawkes4
@jfawkes4 2 ай бұрын
I learned about value streams and bottlenecks. Value stream maps help find bottlenecks and fix them. -Joshua Fawkes
@allisonjosselet3460
@allisonjosselet3460 2 жыл бұрын
I also learned how to do processes in the business over time spent.
@carloshamdan8586
@carloshamdan8586 4 жыл бұрын
A VSM diagram really explains and clarifies the problems you might end up facing in the future. Carlos Martinez
@carolynoliver2941
@carolynoliver2941 3 жыл бұрын
I like how you explained the bottleneck concept. - Christian Oliver
@trentlee1729
@trentlee1729 3 жыл бұрын
trent lee- this is about using time wisely and where you can correct the bottle necks in the business plan
@abigaillally2173
@abigaillally2173 4 жыл бұрын
Breaking down the VSM helped me understand the information better. A.Lally
@kennedyycamille
@kennedyycamille 7 ай бұрын
In this video i learned that the value stream map shows the problems and issues you may face in the future. (Kennedy Martin)
@miraclegarrett9875
@miraclegarrett9875 Жыл бұрын
I learned how to compose a VSM.
@cateriabrown1936
@cateriabrown1936 7 ай бұрын
In this video, I learned that constructing a dive stream map involves considering various elements, such as the duration allocated to significant tasks and their frequency. It's crucial to prioritize addressing mistake rates initially. Neglecting to focus on minimizing mistake rates can result in the loss of time, money, and inventory.-Cateria Brown
@allisonjosselet3460
@allisonjosselet3460 2 жыл бұрын
From this video, I learned that a value stream map shows you where your bottlenecks are and how to solve them.
@JayyyDenisee
@JayyyDenisee Жыл бұрын
I learnt from watching this video that there are numerous factors to consider while building a dive stream map, including the amount of time spent on valuable tasks and the number of times they are repeated. Always prioritize the mistake rate first. You'll lose time, money, and inventory if you don't concentrate on reducing your mistake rates as much as you can. -J Sammons
@jsdlr488
@jsdlr488 3 жыл бұрын
Liking this series man, thanks for all the info its helping me out a lot
@DrDUniversity
@DrDUniversity 3 жыл бұрын
Hi J Sdlr. Thank you for watching and for commenting on my channel. If there are any particular topics that interest you, let me know and I will try to make some videos for you.
@carolynoliver2941
@carolynoliver2941 3 жыл бұрын
This video was helpful for me when I was doing my own value stream mapping. - christian oliver
@briannapryor7001
@briannapryor7001 Жыл бұрын
know that some people business will move faster than your but don't let it effect your ideas cause you can have a better chance
@auhstens3985
@auhstens3985 3 жыл бұрын
i learned that the vsm shows the problems and issues u may face in the future - Auhsten S
@jasmine_michelle
@jasmine_michelle 8 ай бұрын
I learned that VSM helps explain where and what your bottle necks are and ways to solve them -Jasmine Parker
@brandonmims3036
@brandonmims3036 5 ай бұрын
I learned the value stream mapping. Brandon Mims
@supadave8781
@supadave8781 Жыл бұрын
In this video I learned about the value stream map and specifically how it relates to the business. Value stream maps are diagrams designed to explain where there are bottlenecks and help you figure out ways to solve them. VSMs are important to help you see the flow of the products and where they may be production gaps. In the value stream process factors that show up in this map are time, speed, and quality. I learned that in VSM it is always best to focus on the error rate first to save yourself time and wasted efforts. Error rates are extremely costly and narrow focus. It is important to add man power to error rate to keep your errors to zero. VSM maps help yo business process run efficiently and helps the companies bottom line. (David Huery)
@katiacummings7568
@katiacummings7568 8 ай бұрын
The VSM helps to determine what is worth it in the business. Also what changes need to be made. I think that it is important because sometimes, you can be spending time and money on something that can take less time and be cheaper and if you aren't looking at it, it may not be something you are thinking about. - KaTia Cummings
@jaidabrown484
@jaidabrown484 3 ай бұрын
During this video, I learned that you should focus on improving your error rate first because errors in products are extremely costly due to waste of time, inventory, shipping, and associated costs. Jaida Brown
@B3yondAverage
@B3yondAverage 4 жыл бұрын
the diagram gave a more deeper understanding - Ben Mpoy
@jessicagrimes7155
@jessicagrimes7155 7 ай бұрын
This video introduces the concept of a Value Stream Map (VSM) as an alternative approach to presenting an Operations plan in a business plan. It helped me learn identifying and addressing bottlenecks in the operational process, with a focus on reducing error rates and aligning capacities to optimize efficiency. -Jessica Grimes
@carolynoliver2941
@carolynoliver2941 3 жыл бұрын
Final thought: I liked how the VSM is used actually estimate the time it takes to perform operations within the business.
@BearingChrist3
@BearingChrist3 2 ай бұрын
Creating a Value Stream Map (VSM) is like drawing a map of your business processes to understand how things flow and where you can improve - Christopher Dixon
@kameronporter7422
@kameronporter7422 8 ай бұрын
The VSM is a powerful tool that can help you visualize where the waste is located in your company's process and find solutions to fix those solutions. When constructing a VSM you should consider the amount of time it takes to complete a task, and how much money is being spent on certain activities or processes. -Kameron Porter
@christianmorales5617
@christianmorales5617 2 жыл бұрын
Time management is very vital to the success you make from business and life in general.
@ennyolatoks1617
@ennyolatoks1617 7 ай бұрын
From the video, I gathered that constructing a value stream map involves considering various factors, such as the time allocated to valuable tasks and their frequency. The primary focus should be on minimizing mistake rates, as neglecting this aspect can result in losses of time, money, and inventory. Prioritizing the reduction of mistake rates is crucial for efficiency and overall success.- eniola
@rachelhopper9969
@rachelhopper9969 4 жыл бұрын
This helps explain and solve problems that may occur. - Rachel Brandon-Hopper
@israelmaresjr.3457
@israelmaresjr.3457 4 жыл бұрын
This helps me understand how to create a VSM. I Mares
@abhiyansinghthakuri1913
@abhiyansinghthakuri1913 7 ай бұрын
The VSM is a potent tool for pinpointing and resolving waste in your company's process. When creating a VSM, focus on task completion time and expenses associated with specific activities or processes. -Abhiyan Singh
@v_walton_
@v_walton_ 3 ай бұрын
The bottleneck explanation makes a lot of sense. - Victoria
@jordanhall9934
@jordanhall9934 3 жыл бұрын
the gap between work and time is extremely important-jordan
@kianasession3671
@kianasession3671 7 ай бұрын
I acquired information about the VSM and the few components that go into making the guide, as well as how to define boundaries and apportion assets for exercises. -Kiana S
@ZayZotic
@ZayZotic 2 ай бұрын
This made VSM simpler. -Xavier Moore
@etforever15
@etforever15 8 ай бұрын
I think value stream maps are very useful to improve efficiency, processes, and systems within any entity. Eternity Sledge
@jordanhall9934
@jordanhall9934 3 жыл бұрын
good video about the bottleneck concept-jordan hall
@adrientcherdakoff3857
@adrientcherdakoff3857 2 жыл бұрын
I understood that in the same way of the sipoc, the VSM is a plan of a process to organize working in a company.
@tyriellemcbride9243
@tyriellemcbride9243 Жыл бұрын
Value stream map organizes, explains and figures out problems.
@connorhogan973
@connorhogan973 3 жыл бұрын
VSM's are used to help identify bottle necks and reduce inefficiency. Connor H
@taylorsmith6818
@taylorsmith6818 3 жыл бұрын
I didn't realize VSM and SIPOC were in the Operations plan, or that VSMs are more specific towards bottle necks. Taylor S
@jordanhall9934
@jordanhall9934 3 жыл бұрын
p over t is basically the production of work in a time frame-jordan
@melindaroberson6318
@melindaroberson6318 2 жыл бұрын
This video explained the need to reduce or eliminate your errors because they are costly; both time and money. Then focus on the bottlenecks. Fix one bottleneck to match another bottleneck
@michaelgonzales6100
@michaelgonzales6100 4 жыл бұрын
A VSM diagram shows the kinks in your process. M. Gonzales
@covenantadenuga3922
@covenantadenuga3922 2 ай бұрын
Value stream maps can help identify bottlenecks in business processes - Covenant Adenuga
@yazivanhorne8972
@yazivanhorne8972 4 жыл бұрын
the VSM explains where you're facing problems and how you can be using your time more efficiently. Y.VanHorne
@jordanhall9934
@jordanhall9934 3 жыл бұрын
p over t is the process of time-jordan
@sonysaju9968
@sonysaju9968 3 жыл бұрын
Hey, good presentation. I have a doubt how to map the processes when they are acting in parallel? If the process is not one after the other but acting along at the same time.
@DrDUniversity
@DrDUniversity 3 жыл бұрын
Hi Sony Saju. Thank you for watching my videos and for commenting. Are the processes related or independent? The VSM is a tool that measures interrelated steps in a process and is designed to highlight waiting time and bottle necks. If the processes are not exactly linked, you might consider a Gantt chart. Would you like me to create a video on a Gantt chart? If you can tell me a little more about the specific process, I can help you troubleshoot, suggest an alternative tool, or create a new one.
@sonysaju9968
@sonysaju9968 3 жыл бұрын
@@DrDUniversity Thank you for your reply. I believe VSM is the right choice, the study is done for a logistic company. The process are interrelated and they are quality check of received goods and scanning of the barcode of the received products, it happens parallel at the same time. So should I see it as a single process or separate process in VSM?
@DrDUniversity
@DrDUniversity 3 жыл бұрын
Hi Sony Sanju. It sounds like these are two steps in a much larger process. I would do one block for the scanning of the barcode. You may have noticed I discuss that quality control checks can also be illustrated as sub steps or they may be shown above the process with a glasses icon to indicate a quality control measure. Alternatively, you could designate the quality check and the barcode scan as a single sub step in the process and designate the appropriate time and error rate. I am not sure there is a right or wrong way on this one - it just depends on what you are trying to communicate. Does this help?
@sonysaju9968
@sonysaju9968 3 жыл бұрын
@@DrDUniversity Hey, I got a picture now. The sub step method feels right, as i can divide the time between the process i believe it will work and I will try that one out. Thank you for your time and help. Also, is it ok if I ask your help and support if I have more doubts?
@DrDUniversity
@DrDUniversity 3 жыл бұрын
@@sonysaju9968 Hi Sony Saju. Yes, feel free to reach out to me any time. I will be happy to help.
@martycarnahan8868
@martycarnahan8868 3 жыл бұрын
The VSM diagram exposes problems that may occur.
@cayleighengland1172
@cayleighengland1172 4 жыл бұрын
The VSM diagram will show kinks in the process. C. England
@taylorpelt519
@taylorpelt519 4 жыл бұрын
Value stream map organizes, explains and figures out problems. TPelt
@sany2632
@sany2632 2 жыл бұрын
What kind of professor was he ?
@DrDUniversity
@DrDUniversity 2 жыл бұрын
Hi Sany 26. Thank you watching my videos and for commenting. I am a professor of entrepreneurship currently, but I was a lean six sigma consultant before academia, which is where I used VSMs. Did you see my other VSM videos?
@jordanhall9934
@jordanhall9934 3 жыл бұрын
bottleneck is when things dont get done-jordan
@rodneycurry9329
@rodneycurry9329 7 ай бұрын
I learned that VSM is a visual representation of how the business might run starting from one customer and going through the process. This is to prevent a bottle neck in your business
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