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Time: A Key Metric in any Value Stream

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  Since 450 BC King Solomon realized the importance of the right time for everything.   Time is often critical to our success in daily life. Following the right sequence of the different activities is also key. Time is critical to any process, whether it be manufacturing, sales, distribution or business processes. Value Stream Map : Who Does What and When When several people are involved in a sequential process each one needs to know when he needs to do something. Synchronization is key for success. A value stream map defines the right sequence of activities and who does what.  Job Scheduling In addition to defining the sequence of operations we should be able to plan when each one is involved therefore we need to know the time each job it will take.  In a sequential process a delay in one of the steps causes a delay to all following steps so this requires a reschedule of the value stream and a quick communication to all those involved in order to react. Time M...