Basics of Value Stream MappingOn January 22, 2021 by Aston Fowler
Lately, we are surrounded by so much uncertainty, and, as a result, business operations are being forced to rapidly evolve and adapt. As a business owner, It’s essential to make the most of the resources you have available at all times. Being able to streamline workflows and increase productivity is crucial during this time. The following are essential integrations that prove the importance of value stream mapping to the task of improving your business’ efficiency.
What is value stream mapping?
Value stream mapping is an organizational tool that can completely transform the way businesses operate. Incito’s value stream mapping uses the resources at a company’s disposal to create a visual tool that shows the flow of material and prioritizes the voice of the customer. The value stream map that Incito’s consultants create shows the information flow and flow of value when it comes to the production and delivery process from beginning to end. They can create a current state map and a future state map that shows any overproduction, delays in product delivery, product defects, or wasted resources.
Learning is a critical step towards reaping the full benefit that value stream mapping can bring. The importance of the information flow should never be underestimated. Your product manager, as a value stream practitioner, should constantly be learning about the different types of waste that occur in your company’s current state of product flow with its current input. The current state map should show current lead times for your assembly line of deliverables as well as the raw materials used and their functions. The future state map uses standard symbols to create a streamlined flowchart that presents the results of implementing lean manufacturing. Incito’s value stream mapping aims to allow for the continuous improvement of businesses. They help business leaders maintain their lead in their strongest areas and consistently strive for improvement in areas where changes can be made.
How to Implement OKRs in Your Business
In recent years, many business leaders have found continuous improvement in their business processes with the integration of OKRs. Since the onset of the COVID-19 pandemic, many offices have been forced to work completely remotely. With so many team members working from home, communication between staff and the day-to-day workflows of your team member can become disrupted. OKRs provide a powerful tool for the whole company to take advantage of, but it’s all too common to see companies not reaping the full benefit the integration has to offer.
WorkBoard is a leading business software developer that is taking Silicon Valley, and the rest of the United States, by storm. They strive to help businesses achieve continuous improvement by aligning the goals and workflows of your team members and leadership team. By aligning business leaders’ goals with those of your team members, WorkBoard is helping bridge the gap created by remote work and providing clarity for the powerful objectives and key results that are expected of your team members.
WorkBoard as a whole is committed to proving that it’s more than just a software developer. They are dedicated to spreading the knowledge work of their OKRs and the power of objectives. The OKR methodology focuses on the full organization’s growth, but with distributed teams working remotely it can be difficult to keep your team moving in the right direction. This is why WorkBoard has taken the next step in knowledge work for business leaders and they’ve created their own OKR podcast. Their Objectives and Key Results podcast help listeners delve deeper into a particular OKR technique and the overall methodology of their OKRs. Whether you have a small team or a large organization, their podcast provides transparency and critical information for business leaders.