Time period from the date of order receipt to the transfer of the product to the end customer, so the total of the process time and idle time.
Published in Chapter:
Creation of an ISO Standard at the Example of Value Stream Management Method
Jeff Mangers (University of Luxembourg, Luxembourg), Christof Oberhausen (Paul Wurth Geprolux S.A., Luxembourg), Meysam Minoufekr (Research Unit in Engineering Sciences (RUES), Faculty of Science, Technology and Communication (FSTC), University of Luxembourg, Luxembourg), and Peter Plapper (Research Unit in Engineering Sciences (RUES), Faculty of Science, Technology and Communication (FSTC), University of Luxembourg, Luxembourg)
Copyright: © 2020
|Pages: 26
DOI: 10.4018/978-1-7998-2181-6.ch001
Abstract
The main objectives of this chapter are to elucidate the necessity of a standardized value stream management (VSM) and to clarify how this standard can effectively increase corporate performance within cross-enterprise supply chain networks (SCNs). VSM is an effective tool to collect, evaluate, and continuously improve product and information flows within companies in a common and standardized manner. The findings of this chapter are not only valid for consistent product and information flows but are representative for the relevance of standards in general. In a globalized economy, standards need to be generally accepted and valid for all countries. Thus, corporate or national standards only have limited impact. The International Standardization Organization (ISO) provides the means to develop, negotiate and communicate standards, which are globally binding. This chapter shares the experience of ISO 22468 standard development within ISO/TC 154 WG7 and proves its applicability by an administrative use case.