Chapter 14: Introducing the Enterprise Lean-VSM Practice Leaders

1. James P. Womack, Ph.D. James Womack and his colleague, Daniel T. Jones, coined the term Value Stream in an article published in the Harvard Business Review magazine, titled "From Lean Production to the Lean Enterprise" (March–April 1994).
2. LeanFITT's founders were the original thought leaders in the early development of value stream management concepts and methodologies.
3. The issue is that those managers and executives have multiple value streams running through their functional departments, but the metrics and financial incentives drive department or facility-level improvements.
4. All of the actions, both value-creating and non-value-creating, are required to bring a product from concept to launch (also known as the development value stream) and from order to delivery (also known as the operational value stream). These include actions to process information from the customer and actions...