Are you asked to justify lean improvement projects by showing Return On Investment (ROI)? Do you need to determine before lean implementation begins what the savings could be? Have you tried to put dollar values to value stream improvements? This workshop will also explore how to monetize your value stream improvement impacts using the Plan-Do-Check-Act (PDCA)/scientific method to provide a learning approach to achieve targeted goals.
Learner outcomes: Identify and justify lean implementation initiatives by:
- Using value stream mapping
- Calculating Return-on-Investment financial impacts
- Highlighting non-financial benefits for long-term viability
- Basic understanding of value stream mapping and terms