Value Added Process
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?
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1. What are value-added processes?
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?