Identifying value streams involves mapping out all the steps involved in delivering a product or service. This process is known as value stream mapping and typically includes the following steps:
Define the scope: Determine the start and end points of the value stream. Identify the steps: List all the activities involved in the process. Analyze the flow: Assess how information and materials move through the steps. Evaluate value: Determine which steps add value and which do not. Create a future state map: Design an improved process that eliminates waste and enhances value.