Transcript: 

Value streams originated in the Lean movement in the 20th century, with a focus on identifying all steps in a process—both value-added and non-value-added—in order to eliminate waste.

As value stream thinking has evolved, especially in modern times, the focus has shifted to the end-to-end process of creating products. While the original Lean approach could be applied to any organizational process, today’s value stream perspective centers more on product or service delivery, from the moment someone has an idea to the point where a customer receives and gains value from it.

This modern view not only maps the steps in the process but also incorporates the people involved, the enabling technologies, and the data that flows through every phase of the value stream. It’s all about aligning the full journey from ideation to customer value.

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