Methodology for Lead Time Reduction: A Review

In today's global competitive world, the era of mass production and pull system is over. Now customer satisfaction is prime objective as they compare value of the money and the value they received from that money. They will not pay for any waste. Thus, Value Stream Mapping (VSM) is one of the best and most common tools of lean manufacturing to identify and eliminate wastes. FVSM helps to reduce NVAs in a process and make a production flow efficient, effective and economic. This paper discusses methodology to implement value stream mapping and its benefits to various production industries as well as in service sectors. This paper also represents a literature review to summarize various applications of VSM. The paper concludes with highlighting VSM's contribution to delight customers.