What are value-added processes? How do you determine if a process adds value? How does identification of value-added processes help a company run more efficiently and effectively?
Value-added processes are processes that add value to the customer and the business e.g., run more efficiently and effectively.
Let's look at an illustrative example.
Illustrative Example: Value Added Processes for Stainless Steel Plate Products
Sandmeyer Steel Company offers a wide range of value added processes for manufacturing stainless steel plate products. Stainless steel plate fabrication is available for a variety of materials, which include 304 stainless steel plate, 316 and 316L plate, 410, 17-4PH, and more. Please visit our stainless steel plate section to see a full listing of all of our grades.
Sandmeyer Steel Company maintains over one hundred pieces of value added plate processing equipment for our customers' stainless steel plate needs. The expertise of our staff extends to CAD-CAM technology and our manufacturing processes are regulated through a computerized order entry system featuring bar coded order tracking. These capabilities and more allow Sandmeyer Steel Company to provide consistent products, competitive prices, and excellent ...
Solution Summary
This solution discusses these two questions in detail: What are value-added processes? How do you determine if a process adds value? How does identification of value-added processes help a company run more efficiently and effectively?
... of an organization's budgetary process to add finance function is ... Responses lend support to concerns added services to ...process in terms of adding value to your ...
... enterprise performs to turn inputs into value-added outputs for ... For example, an IT value chain is that subset ... to IT operations, both to add value directly for ...
... o Necessary but non value adding o Value adding: Process Activity Mapping ... of the waste in the process (waste being ... any activity that does not add value to the ...
... result in delay of some sort, add costs to the ... is that the identification of non-value added activities occurs ... line, based on the total dollar value of cheques. ...
... who receives benefits from value chain management process. ... the capabilities of organizational processes, systems and ... The benefits of add value to various ...
... for a flower shop, so seeing an ad for one ... Auction Block, AdAuction (online and print ads), iMark.com ... making, price-discovery, and/or value-added services such ...
... in queue, transportation, non-value-adding processes, inventory, motion ... 2. Which process improvement tool will ... methodology, the hospital added enough capacity ...
... activity turns out to be a non-value added-activity the ... help to understate or overstate the value of closing ... Please add/detract and reword/rewrite in order to ...
... at expanding your product portfolio or adding features to ... means stream lining the important value added activities. ... Anything that does not add to the product ...
... on optimizing efforts and getting rid of non- value-added activities ... often policy generators or oversight mechanisms that appear to add no value, yet cannot ...
