Value Stream Mapping Quiz 5

What is a value stream?

• The steps required to market a product

• The steps required to take a product from raw material to the customer

• The steps required to manufacture a product

• The steps required to design a new product

What is the main focus of value stream mapping?

• Financial transactions

• Only information flow

• Only material flow

• Material and information flow

What is the purpose of creating a current state value stream map?

• To analyze historical data of the process

• To predict future trends in the process

• To envision how the process should work

• To understand how the process is actually working

What is the ideal condition represented by the future state value stream map?

• The condition that is impossible to achieve

• The condition that will be achieved in two to three months

• The condition that is currently being implemented

• The condition that existed in the past

What is the role of a value stream manager?

• Breaking through functional silos and aligning departments

• Managing financial transactions

• Creating marketing strategies

• Overseeing product design

What is the importance of communication during value stream mapping?

• To combat anxiety and ensure open dialogue

• To confuse employees and hinder progress

• To avoid involving employees in the process

• To limit information flow and maintain secrecy

What is the final step in the value stream mapping process?

• Developing action plans

• Appointing a value stream manager

• Creating the current state map

• Mapping all the value streams

What is the primary product family identification step focused on?

• Identifying specific product groups for mapping

• Developing new products

• Analyzing customer feedback

• Setting financial goals

What is the key to current state value stream mapping?

• Drawing the process as it actually is

• Drawing the process as it was designed

• Drawing the process as it should work

• Drawing the process based on future projections

What is the purpose of a value stream map?

• To analyze financial transactions

• To design new products

• To create a marketing plan

• To document all activities required to fulfill a customer request