Value Stream Analysis is an important part of any business and helping it improve its efficiency as it helps to describe the whole business system; the Total System. Value Stream Analysis shows that a business is made up of a set of processes and that these processes consist of a set of activities in a sequence, each of which takes a certain time to complete and is dependent upon other activities being completed as well. The Value Stream Analysis process can help to understand the way every element in the Business's Total System behaves and, most importantly, how all the elements interact. Value Stream Analysis contributes to businesses having a very detailed understanding of the big picture in the Total System.
When Value Stream data is analysed using carefully selected System Engineering techniques, it can identify the constraints in the Value Stream and the Total System, explore optimisation opportunities and propose practicable and pragmatic actions which will deliver a high Return on Investment. These actions will improve the overall performance of the elements in the Value Stream, which in turn will reduce Through Life Costs, reduce downtime and improve safety to help the business to become more efficient, more cost effective and more profitable.
Value Stream Analysis can be used to analyse and optimise the operations of many different types of organisations globally. Value Stream Analysis is particularly useful in improving the performance of companies in the manufacturing and engineering sectors and can be applied equally well in other sectors where a set of processes can be identified in a Value Stream. For example it can identify the problems that hold up sales paperwork going through a business and Terotek can streamline this process to speed up the sales process.Value Stream Analysis is also excellent for understanding the way every element in the Business's Total System behaves and, most importantly, how all the elements interact together in the total business system.
An example of how Value Stream Analysis can help a business would be in a manufacturing environment. By using this type of business optimisation process, the business could benefit greatly from reduced lead time for products. The Value Stream Analysis process could identify areas in production where the process is being delayed, this issue can then be rectified, ensuring the product is made quicker and therefore the factory would benefit from a larger capacity for making their products.
Value Stream Analysis can identify where even the smallest of improvements can be made which, when all put together can greatly improve the efficiency of many types of organisations.
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Terotek have developed a unique, specialist and innovative methodology called Systems Terology. Systems Terology combines systems thinking and systems engineering techniques. To find out more about Systems terology then visit http://www.terotek.co.uk/services/
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