In every step of your procedures, whether they be procurement, manufacturing, or even finance or marketing, your challenge is to provide value to customers in a timely manner. Yet many steps add time and not value.
For example, during the total time to make a product, only about 5% is value-added time. During the other 95%, the product waits as work in process. These percentages can be improved significantly, but such lean production won’t happen automatically.
Moravec and Associates consultants provide an assessment of the total value stream. This assessment includes:
Value stream assessment identifies significant opportunities for process improvement by pinpointing where delays occur, what causes them, whether schedules are reliable, and where your core competencies lie. It helps determine when you should “build, buy, or buddy” for optimum performance. Ultimate benefits include: