Value Stream Mapping – A Strategic Tool for Managing Waste in Small and Medium Enterprises
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Value stream mapping, lean management, waste management, small and medium enterprisesResumé
This paper is based upon the application of Value Stream Mapping (VSM) in small and medium enterprises and its effectiveness in minimizing the waste in these organizations. It brings out that the concept of lean organization is the major requirement of small and medium enterprises. The lean organizations need to deal with various kinds of wastages. Each and every type of wastage has its own limitations and thus unique solution for management. The paper attempts to find out the outlook of some of the production managers, workers and promoters to analyze the waste management techniques with their respective perspective. It brings out the identification of various kinds of wastages that are of prime concern in small and medium enterprises and the priority of tools that can be applied to manage these kinds of wastages with the application of Value Stream Mapping in the management of wastages. With an applied methodology, the paper deals with the theoretical perspective and the management of wastages in inbound, outbound and process of small and medium enterprises. The paper is an outcome of the application of Value Stream Mapping over three medium enterprises.Keywords: Value stream mapping, lean management, waste management, small and medium enterprisesDownloads
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