To drive its lean accounting approach Watlow Electric Manufacturing Co., a US industrial heaters, sensors and controllers manufacturer, implemented Value Stream Management (VSM). The company: 1. Identified the main value streams of the company, and created new value streams. 2. Mapped out key metrics to monitor the achievement of the company's main strategies. 3. Organised the company into three or four value streams per site, developed metric workbooks and supporting value stream financial stat...
BPIR Categories2.2.4 Formulate and review business unit strategy
2.3.1 Identify, plan & map key processes
5.1.1 Plan key production & delivery processes
5.5.3 Improve process/product performance