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
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
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
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
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
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
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
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
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
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
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
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
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.
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
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
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)
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
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
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
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
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
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
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
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
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.
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.
@@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?
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?
@@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?
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
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
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
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?
![FORTNITE CLASSICS IS BACK! Fortnite Item Shop [November 15th, 2024] (Fortnite Chapter 5)](http://i.ytimg.com/vi/RbQURbeFwqs/mqdefault.jpg)
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
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
This video does an excellent job at explaining how the VSM flows and the purpose!
Kennedy Taylor
This clarifies the VSM for me, thank you. -Adam Johnson
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
This has been invaluable. I look forward to more videos.
I am so glad you enjoyed the video!
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
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
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
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
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,
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
Breaking down the VSM helped me understand the information better. A.Lally
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
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
i learned that time management is a big part to success you make from your business
This video was helpful for me when I was doing my own value stream mapping.
- christian oliver
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
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
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
A VSM diagram really explains and clarifies the problems you might end up facing in the future. Carlos Martinez
Thank you for explaining the VSM. -Kylie Malone
Liking this series man, thanks for all the info its helping me out a lot
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.
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
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
The value stream maps is very hard for me to pick up on.This helped a little.-La'Niyah Lumpkin
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)
Time management is very vital to the success you make from business and life in general.
I also learned how to do processes in the business over time spent.
This helps explain and solve problems that may occur. - Rachel Brandon-Hopper
Thank you for explaining how to make a VSM clarifying the difference compared to the SIPOC diagram - Brianna Elibo-Mendez
This helps me understand how to create a VSM. I Mares
From this video, I learned that a value stream map shows you where your bottlenecks are and how to solve them.
trent lee- this is about using time wisely and where you can correct the bottle necks in the business plan
I like how you explained the bottleneck concept.
- Christian Oliver
Final thought: I liked how the VSM is used actually estimate the time it takes to perform operations within the business.
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
In this video i learned that the value stream map shows the problems and issues you may face in the future. (Kennedy Martin)
I learned how to compose a VSM.
I learned about value streams and bottlenecks. Value stream maps help find bottlenecks and fix them. -Joshua Fawkes
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
i learned that the vsm shows the problems and issues u may face in the future - Auhsten S
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
the diagram gave a more deeper understanding - Ben Mpoy
I learned the value stream mapping. Brandon Mims
I learned that VSM helps explain where and what your bottle necks are and ways to solve them -Jasmine Parker
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
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
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
The bottleneck explanation makes a lot of sense. - Victoria
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
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
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
I didn't realize VSM and SIPOC were in the Operations plan, or that VSMs are more specific towards bottle necks. Taylor S
I understood that in the same way of the sipoc, the VSM is a plan of a process to organize working in a company.
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.
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.
@@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?
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?
@@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?
@@sonysaju9968 Hi Sony Saju. Yes, feel free to reach out to me any time. I will be happy to help.
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
I think value stream maps are very useful to improve efficiency, processes, and systems within any entity.
Eternity Sledge
VSM's are used to help identify bottle necks and reduce inefficiency. Connor H
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
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
This made VSM simpler. -Xavier Moore
Value stream map organizes, explains and figures out problems.
A VSM diagram shows the kinks in your process. M. Gonzales
The VSM diagram exposes problems that may occur.
the VSM explains where you're facing problems and how you can be using your time more efficiently. Y.VanHorne
Value stream maps can help identify bottlenecks in business processes - Covenant Adenuga
Value stream map organizes, explains and figures out problems. TPelt
The VSM diagram will show kinks in the process. C. England
What kind of professor was he ?
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?
good video about the bottleneck concept-jordan hall
the gap between work and time is extremely important-jordan
p over t is basically the production of work in a time frame-jordan
p over t is the process of time-jordan
bottleneck is when things dont get done-jordan