I was having a hard time with the VSM regarding the set up and key components of it all, so watching this video help a lot thank you -Anessia Johnson
@cashaunatemple10 ай бұрын
Your description what bottleneck mean was easy to understand, in my opinion. I like how the sweater manufacturing company provided a real-world illustration of how some process steps can become overloaded with work, leading to delays and inefficiencies. For entrepreneurs, the focus on error rates and time wasting is important. The VSM concept was made simple to understand by simulating the sweater-making process with symbols like lightning bolts, eyeglasses, and castle walls. The thorough analysis of every stage, from receiving a customer's purchase to delivering the product, demonstrated how efficiency is impacted by wait times and mistake rates. Cashauna Temple
@kennedyj166 ай бұрын
This video does an excellent job at explaining how the VSM flows and the purpose! Kennedy Taylor
@robertadams506210 ай бұрын
Nice video! I learned about the use of value streams and the concept of bottlenecks. Value stream maps are useful tools for identifying bottlenecks and finding solutions and bottlenecks occur when there is an overflow of work that is not being processed at the same rate as other steps in a process. Waiting time is a major cause of bottlenecks and a waste of time. - Robert Adams
@Adamwesley636 ай бұрын
This clarifies the VSM for me, thank you. -Adam Johnson
@marlenemorrison36014 жыл бұрын
This has been invaluable. I look forward to more videos.
@DrDUniversity4 жыл бұрын
I am so glad you enjoyed the video!
@kyliemalone946522 күн бұрын
Thank you for explaining the VSM. -Kylie Malone
@ninamillender60276 ай бұрын
In this video I learned that value stream maps are a way to identify bottlenecks in a process (which are areas where work is slowed down). I liked the example of a company that makes sweaters to illustrate how value stream maps work. - Nina Millender
@scifidemon6728Ай бұрын
The use of practical examples, like the sweater manufacturing process, makes it easier to grasp how VSM can be applied to real-world scenarios and improve operational efficiency. - Sovit Lekhak
@briannaelibo-mendez25852 сағат бұрын
Thank you for explaining how to make a VSM clarifying the difference compared to the SIPOC diagram - Brianna Elibo-Mendez
@DeMarioGantt6 ай бұрын
I gained knowledge about the VSM, the many variables that go into creating the map, how to prioritize tasks, and where to allocate funds and personnel for operations. -DeMario Gantt
@lynnakakellum20506 ай бұрын
The value stream map (VSM) is used to help find at what steps in a process there is work overflow (bottlenecks). The sweater making example helped me understand how to compose a VSM. ~Lynnaka Kellum
@anthonywalker71448 ай бұрын
I gained knowledge about the VSM, the many variables that go into creating the map, how to prioritize tasks, and where to allocate funds and personnel for operations.-Anthony Walker
@KelvinArcher-fc3jm6 ай бұрын
I gained insight into the Value Stream Mapping (VSM) process and the various factors involved in creating the map, as well as identifying key areas to prioritize resource allocation, including both finances and time, for operational improvements. -Kelvin Archer
@antoinetteneal73538 ай бұрын
Vsm is used to show where your over flow of work isn’t being processed, where it should be processed. The example used was really good to show how in a process some things will get done faster than others. Not every business needs a value stream map. -Antoinette
@justinjoseph375910 ай бұрын
I learned the importance of VSM and how it helpe you figure out exactly what is most important to focus on in a business vs what not to,
@abigaillally21734 жыл бұрын
Breaking down the VSM helped me understand the information better. A.Lally
@Matty2Times Жыл бұрын
I learned about the VSM and the multitude of factors that go in to constructing the map and where to focus your priorities with where money and time for operations should go. - Matt Edwards
@carolynoliver29413 жыл бұрын
This video was helpful for me when I was doing my own value stream mapping. - christian oliver
@tylanwalker67 Жыл бұрын
I gained knowledge about the VSM and the several elements that go into creating the map, as well as how to set priorities and allocate resources for activities.- Tylan Walker
@rustynellis23442 жыл бұрын
i learned that time management is a big part to success you make from your business
@jsdlr4884 жыл бұрын
Liking this series man, thanks for all the info its helping me out a lot
@DrDUniversity4 жыл бұрын
Hi J Sdlr. Thank you for watching and for commenting on my channel. If there are any particular topics that interest you, let me know and I will try to make some videos for you.
@carloshamdan85864 жыл бұрын
A VSM diagram really explains and clarifies the problems you might end up facing in the future. Carlos Martinez
@carolynoliver29413 жыл бұрын
I like how you explained the bottleneck concept. - Christian Oliver
@trentlee17293 жыл бұрын
trent lee- this is about using time wisely and where you can correct the bottle necks in the business plan
@bipularyal427511 ай бұрын
I learned that the Value Stream Map (VSM) is a valuable tool for identifying and addressing waste in a company's processes. It's important to consider factors like time and cost when constructing a VSM. Bipul Aryal
@JayyyDenisee Жыл бұрын
I learnt from watching this video that there are numerous factors to consider while building a dive stream map, including the amount of time spent on valuable tasks and the number of times they are repeated. Always prioritize the mistake rate first. You'll lose time, money, and inventory if you don't concentrate on reducing your mistake rates as much as you can. -J Sammons
@sandeshgnawali371111 ай бұрын
I've gained knowledge about the Value Stream Map (VSM) and the various elements involved in creating the map. Additionally, I learned how to set priorities and allocate resources for different activities. - Sandesh Gnawali
@miraclegarrett9875 Жыл бұрын
I learned how to compose a VSM.
@supadave8781 Жыл бұрын
In this video I learned about the value stream map and specifically how it relates to the business. Value stream maps are diagrams designed to explain where there are bottlenecks and help you figure out ways to solve them. VSMs are important to help you see the flow of the products and where they may be production gaps. In the value stream process factors that show up in this map are time, speed, and quality. I learned that in VSM it is always best to focus on the error rate first to save yourself time and wasted efforts. Error rates are extremely costly and narrow focus. It is important to add man power to error rate to keep your errors to zero. VSM maps help yo business process run efficiently and helps the companies bottom line. (David Huery)
@christianmorales56172 жыл бұрын
Time management is very vital to the success you make from business and life in general.
@israelmaresjr.34574 жыл бұрын
This helps me understand how to create a VSM. I Mares
@allisonjosselet34602 жыл бұрын
I also learned how to do processes in the business over time spent.
@jfawkes46 ай бұрын
I learned about value streams and bottlenecks. Value stream maps help find bottlenecks and fix them. -Joshua Fawkes
@cateriabrown193611 ай бұрын
In this video, I learned that constructing a dive stream map involves considering various elements, such as the duration allocated to significant tasks and their frequency. It's crucial to prioritize addressing mistake rates initially. Neglecting to focus on minimizing mistake rates can result in the loss of time, money, and inventory.-Cateria Brown
@rachelhopper99694 жыл бұрын
This helps explain and solve problems that may occur. - Rachel Brandon-Hopper
@rodneycurry932910 ай бұрын
I learned that VSM is a visual representation of how the business might run starting from one customer and going through the process. This is to prevent a bottle neck in your business
@kennedyycamille10 ай бұрын
In this video i learned that the value stream map shows the problems and issues you may face in the future. (Kennedy Martin)
@jasmine_michelle11 ай бұрын
I learned that VSM helps explain where and what your bottle necks are and ways to solve them -Jasmine Parker
@carolynoliver29413 жыл бұрын
Final thought: I liked how the VSM is used actually estimate the time it takes to perform operations within the business.
@brandonmims30368 ай бұрын
I learned the value stream mapping. Brandon Mims
@katiacummings7568 Жыл бұрын
The VSM helps to determine what is worth it in the business. Also what changes need to be made. I think that it is important because sometimes, you can be spending time and money on something that can take less time and be cheaper and if you aren't looking at it, it may not be something you are thinking about. - KaTia Cummings
@B3yondAverage4 жыл бұрын
the diagram gave a more deeper understanding - Ben Mpoy
@briannapryor70012 жыл бұрын
know that some people business will move faster than your but don't let it effect your ideas cause you can have a better chance
@allisonjosselet34602 жыл бұрын
From this video, I learned that a value stream map shows you where your bottlenecks are and how to solve them.
@kianasession367110 ай бұрын
I acquired information about the VSM and the few components that go into making the guide, as well as how to define boundaries and apportion assets for exercises. -Kiana S
@auhstens39853 жыл бұрын
i learned that the vsm shows the problems and issues u may face in the future - Auhsten S
@taylorsmith68183 жыл бұрын
I didn't realize VSM and SIPOC were in the Operations plan, or that VSMs are more specific towards bottle necks. Taylor S
@jaidabrown4847 ай бұрын
During this video, I learned that you should focus on improving your error rate first because errors in products are extremely costly due to waste of time, inventory, shipping, and associated costs. Jaida Brown
@sonysaju99683 жыл бұрын
Hey, good presentation. I have a doubt how to map the processes when they are acting in parallel? If the process is not one after the other but acting along at the same time.
@DrDUniversity3 жыл бұрын
Hi Sony Saju. Thank you for watching my videos and for commenting. Are the processes related or independent? The VSM is a tool that measures interrelated steps in a process and is designed to highlight waiting time and bottle necks. If the processes are not exactly linked, you might consider a Gantt chart. Would you like me to create a video on a Gantt chart? If you can tell me a little more about the specific process, I can help you troubleshoot, suggest an alternative tool, or create a new one.
@sonysaju99683 жыл бұрын
@@DrDUniversity Thank you for your reply. I believe VSM is the right choice, the study is done for a logistic company. The process are interrelated and they are quality check of received goods and scanning of the barcode of the received products, it happens parallel at the same time. So should I see it as a single process or separate process in VSM?
@DrDUniversity3 жыл бұрын
Hi Sony Sanju. It sounds like these are two steps in a much larger process. I would do one block for the scanning of the barcode. You may have noticed I discuss that quality control checks can also be illustrated as sub steps or they may be shown above the process with a glasses icon to indicate a quality control measure. Alternatively, you could designate the quality check and the barcode scan as a single sub step in the process and designate the appropriate time and error rate. I am not sure there is a right or wrong way on this one - it just depends on what you are trying to communicate. Does this help?
@sonysaju99683 жыл бұрын
@@DrDUniversity Hey, I got a picture now. The sub step method feels right, as i can divide the time between the process i believe it will work and I will try that one out. Thank you for your time and help. Also, is it ok if I ask your help and support if I have more doubts?
@DrDUniversity3 жыл бұрын
@@sonysaju9968 Hi Sony Saju. Yes, feel free to reach out to me any time. I will be happy to help.
@v_walton_7 ай бұрын
The bottleneck explanation makes a lot of sense. - Victoria
@ennyolatoks161710 ай бұрын
From the video, I gathered that constructing a value stream map involves considering various factors, such as the time allocated to valuable tasks and their frequency. The primary focus should be on minimizing mistake rates, as neglecting this aspect can result in losses of time, money, and inventory. Prioritizing the reduction of mistake rates is crucial for efficiency and overall success.- eniola
@adrientcherdakoff38572 жыл бұрын
I understood that in the same way of the sipoc, the VSM is a plan of a process to organize working in a company.
@kameronporter7422 Жыл бұрын
The VSM is a powerful tool that can help you visualize where the waste is located in your company's process and find solutions to fix those solutions. When constructing a VSM you should consider the amount of time it takes to complete a task, and how much money is being spent on certain activities or processes. -Kameron Porter
@connorhogan9733 жыл бұрын
VSM's are used to help identify bottle necks and reduce inefficiency. Connor H
@etforever15 Жыл бұрын
I think value stream maps are very useful to improve efficiency, processes, and systems within any entity. Eternity Sledge
@BearingChrist36 ай бұрын
Creating a Value Stream Map (VSM) is like drawing a map of your business processes to understand how things flow and where you can improve - Christopher Dixon
@abhiyansinghthakuri191310 ай бұрын
The VSM is a potent tool for pinpointing and resolving waste in your company's process. When creating a VSM, focus on task completion time and expenses associated with specific activities or processes. -Abhiyan Singh
@jessicagrimes715510 ай бұрын
This video introduces the concept of a Value Stream Map (VSM) as an alternative approach to presenting an Operations plan in a business plan. It helped me learn identifying and addressing bottlenecks in the operational process, with a focus on reducing error rates and aligning capacities to optimize efficiency. -Jessica Grimes
@ZayZotic6 ай бұрын
This made VSM simpler. -Xavier Moore
@michaelgonzales61004 жыл бұрын
A VSM diagram shows the kinks in your process. M. Gonzales
@tyriellemcbride92432 жыл бұрын
Value stream map organizes, explains and figures out problems.
@martycarnahan88683 жыл бұрын
The VSM diagram exposes problems that may occur.
@melindaroberson63182 жыл бұрын
This video explained the need to reduce or eliminate your errors because they are costly; both time and money. Then focus on the bottlenecks. Fix one bottleneck to match another bottleneck
@cayleighengland11724 жыл бұрын
The VSM diagram will show kinks in the process. C. England
@yazivanhorne89724 жыл бұрын
the VSM explains where you're facing problems and how you can be using your time more efficiently. Y.VanHorne
@covenantadenuga39226 ай бұрын
Value stream maps can help identify bottlenecks in business processes - Covenant Adenuga
@taylorpelt5194 жыл бұрын
Value stream map organizes, explains and figures out problems. TPelt
@sany26322 жыл бұрын
What kind of professor was he ?
@DrDUniversity2 жыл бұрын
Hi Sany 26. Thank you watching my videos and for commenting. I am a professor of entrepreneurship currently, but I was a lean six sigma consultant before academia, which is where I used VSMs. Did you see my other VSM videos?
@jordanhall99343 жыл бұрын
good video about the bottleneck concept-jordan hall
@jordanhall99343 жыл бұрын
the gap between work and time is extremely important-jordan
@jordanhall99343 жыл бұрын
p over t is basically the production of work in a time frame-jordan