What is Value Stream?

All the actions, both value-creating and non-value-creating, required to bring a product or service from concept to launch (also known as the development value stream) or from…

Meaning and application in management

All the actions, both value-creating and non-value-creating, required to bring a product or service from concept to launch (also known as the development value stream) or from order to delivery (also known as the operational value stream). They include all the information and material processing steps needed for value to be delivered to the customer.

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Related term

Fulfillment Stream

A supply chain that incorporates lean principles and, consequently, operates collaboratively and smoothly in flow…

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