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A starter ontology for Value Stream Mapping

Value stream mapping is a lean management technique typically used in manufacturing business process re-engineering, but is equally suited for other kinds of business process improvement initiatives. The approach is deployed for assessing the current states of processes and practices and proposing improved future states. The following steps are generally tackled in order to successfully complete the approach: A suitable product family candidate is identified by analysing product quantities and routings. The takt time is calculated and a current ... Read more