Understanding Value Stream Mapping & Visual Management

What is the primary purpose of Value Stream Mapping (VSM)?

• To create a detailed financial report

• To identify and eliminate waste in a process

• To design a new product

• To manage employee performance

Which of the following is a key component of a Value Stream Map?

• Employee satisfaction scores

• Process flow

• Marketing strategies

• Customer feedback

In Visual Management, what is the main purpose of using colours?

• To make the workplace more attractive

• To indicate different levels of urgency or status

• To match the company’s branding

• To reduce the need for written communication

Which of the following is NOT typically represented in a Value Stream Map?

• Inventory levels

• Customer demographics

• Process times

• Information flow

What is the main benefit of Visual Management in a workplace?

• It increases the number of meetings

• It enhances communication and understanding

• It reduces the need for training

• It increases the complexity of processes

In VSM, what does the term "lead time" refer to?

• The time taken to make a part

• The total time from the start to the end of a process

• The time taken to train a new employee

• The time taken at the production stage

Which tool is commonly used in Visual Management to display key performance indicators (KPIs)?

• Whiteboard

• Digital dashboard

• Spreadsheet

• Email

What is the first step in creating a Value Stream Map?

• Implementing changes

• Identifying the product or service family

• Calculating costs

• Training employees

Which of the following is a benefit of using Value Stream Mapping?

• It increases the number of employees needed

• It helps in identifying bottlenecks in a process

• It reduces the need for customer feedback

• It complicates the decision-making process

Which of the following is an example of Visual Management?

• A detailed written report

• A colour-coded filing system

• A lengthy email chain

• A verbal announcement