BS ISO 22468:2020
Value stream management (VSM)
| Standard number: | BS ISO 22468:2020 |
| Pages: | 44 |
| Released: | 2020-03-13 |
| ISBN: | 978 0 580 98463 1 |
| Status: | Standard |
BS ISO 22468:2020 Value Stream Management (VSM)
Unlock the full potential of your business operations with the BS ISO 22468:2020 Value Stream Management (VSM) standard. This comprehensive guide is designed to help organizations streamline their processes, enhance efficiency, and maximize value creation across all levels of operation.
Overview
The BS ISO 22468:2020 is a globally recognized standard that provides a structured approach to value stream management. Released on March 13, 2020, this standard is essential for businesses aiming to optimize their value streams and improve overall performance. With 44 pages of in-depth content, it offers a detailed framework for identifying, analyzing, and enhancing value streams within an organization.
Key Features
- Standard Number: BS ISO 22468:2020
- Pages: 44
- Release Date: March 13, 2020
- ISBN: 978 0 580 98463 1
- Status: Standard
What is Value Stream Management?
Value Stream Management (VSM) is a strategic approach that focuses on optimizing the flow of products and services from inception to delivery. It involves mapping out all the steps in a process, identifying areas of waste, and implementing improvements to enhance efficiency and value delivery. VSM is crucial for organizations looking to improve their operational processes and achieve sustainable growth.
Benefits of Implementing BS ISO 22468:2020
By adopting the BS ISO 22468:2020 standard, organizations can experience a multitude of benefits, including:
- Enhanced Efficiency: Streamline processes to reduce waste and improve productivity.
- Improved Quality: Ensure consistent quality across all stages of production and service delivery.
- Cost Reduction: Identify and eliminate non-value-adding activities to reduce operational costs.
- Increased Customer Satisfaction: Deliver higher value to customers by optimizing the entire value stream.
- Strategic Alignment: Align organizational processes with strategic goals for better decision-making and resource allocation.
Who Should Use This Standard?
The BS ISO 22468:2020 standard is ideal for a wide range of professionals and organizations, including:
- Operations Managers
- Process Improvement Specialists
- Quality Assurance Teams
- Supply Chain Managers
- Business Analysts
- Manufacturing and Production Teams
How to Implement BS ISO 22468:2020
Implementing the BS ISO 22468:2020 standard involves several key steps:
- Understand the Current State: Map out existing processes to identify current value streams.
- Identify Areas for Improvement: Analyze the value stream map to pinpoint inefficiencies and waste.
- Develop a Future State Map: Design an optimized value stream that enhances efficiency and value delivery.
- Implement Changes: Execute the necessary changes to transition from the current state to the future state.
- Monitor and Adjust: Continuously monitor the new processes and make adjustments as needed to ensure ongoing improvement.
Conclusion
The BS ISO 22468:2020 Value Stream Management (VSM) standard is an invaluable resource for any organization looking to enhance its operational efficiency and value delivery. By providing a clear framework for value stream management, this standard empowers businesses to identify and eliminate waste, improve quality, and achieve strategic alignment. Whether you are in manufacturing, service delivery, or any other industry, implementing this standard can lead to significant improvements in performance and customer satisfaction.
Invest in the future of your organization by adopting the BS ISO 22468:2020 standard and take the first step towards a more efficient and value-driven operation.
BS ISO 22468:2020
This standard BS ISO 22468:2020 Value stream management (VSM) is classified in these ICS categories:
- 03.100.01 Company organization and management in general
This document provides guidelines for the application of VSM with regard to the collection, evaluation and continuous improvement of value stream relevant data. In addition, it describes the assessment of value streams based on defined key performance indicators.
The VSM method described in this document is generally applicable to material?, energy- or data?related process types. In practice, there are often hybrid forms of these main process types.