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What is Value Stream / Value Chain

Chapter 63
Encyclopedia of Information Science and Technology, Fourth Edition
A value stream is a sequence of activities needed to design, produce and provide a specific service and along which information, material and value flow. A value chain is a set of linked activities that transform inputs into outputs that in turn add to at least one of the ecological, societal or economic bottom lines and help create competitive advantages. Linked to Six Sigma and Lean methodologies the goal is to create sustainable competitive advantages.
Published in Chapter:
Lean and Six Sigma Innovation and Design
Rick Edgeman (Utah State University, USA)
Copyright: © 2018 |Pages: 11
DOI: 10.4018/978-1-5225-2255-3.ch063
Abstract
Enterprises are ever seeking best and next best practices and sources of competitive advantage. Two consistently successful means of delivering these have been Lean Enterprise Methods that are often associated with the Toyota Production System, and Six Sigma approaches to product, process, service, and system innovation and design that have contributed significantly to - especially - enterprise financial performance. The integration of these approaches, commonly referred to as Lean Six Sigma, is highlighted in this chapter with some emphasis dedicated to the use of Lean, Six Sigma, and Lean Six Sigma to enhance not only enterprise financial performance, but also social and environmental performance and impacts.
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Chapter 197
Six Sigma Innovation and Design
A value stream is a sequence of activities needed to design, produce and provide a specific service and along which information, material and value flow. A value chain is a set of linked activities that transform inputs into outputs that in turn add to at least one of the ecological, societal or economic bottom lines and help create competitive advantages. Linked to six sigma and lean methodologies the goal is to create sustainable competitive advantages.
Published in Chapter: Six Sigma Innovation and Design; From: Encyclopedia of Business Analytics and Optimization
Full Text Chapter Download: US $37.50 Add to Cart
Chapter 25
Lean and Six Sigma Innovation and Design
A value stream is a sequence of activities needed to design, produce and provide a specific service and along which information, material and value flow. A value chain is a set of linked activities that transform inputs into outputs that in turn add to at least one of the ecological, societal or economic bottom lines and help create competitive advantages. Linked to Six Sigma and Lean methodologies the goal is to create sustainable competitive advantages.
Published in Chapter: Lean and Six Sigma Innovation and Design; From: Advanced Methodologies and Technologies in Business Operations and Management
Full Text Chapter Download: US $37.50 Add to Cart
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