A B C D E F G H I J K L M N O P Q R S T U-V W Y

UnDesirable Effect (UDE)These are the negative things the problems that are visible and caused by the thing (Core Problem) that must be changed.
ValueA capability provided to a customer at the right time at an appropriate price, as defined by the customer.
Value AnalysisAnalysing the value stream to identify value added and non-value added activities.
Value ChainActivities outside of your organisation that add value to your final product, such as the value adding activities of your suppliers.
Value EngineeringOptimising products or processes to improve value to the customer.
Value StreamA value stream is a series of all actions required to fulfill a customer’s request, both value added and not.
Value Stream MappingThe process of directly observing the flows of information and materials as they now occur, summarising them visually, and then envisioning a future state with much better performance.
Value-Added WorkWork that the customer is willing to pay for. A transformation of the shape or function of the material/information in a way that the customer will pay for.
Vertical HandlingWhen tasks are assigned in such a way that the materials processes are being progressively worked towards completion, this is vertical handling. This in contrast to horizontal handling which only focuses on the output of a specific process.
Visual ControlThe placement in plain view of all tools, parts, production activities, and indicators of production system performance so everyone involved can understand the status of the system at a glance.
Visual ManagementSimple visual tools are used to identify the target state, and any deviance is met with corrective action.

 

A B C D E F G H I J K L M N O P Q R S T U-V W Y