Answer 1

A sequence of activities that connect to one another, moving a specific product or service from beginning to end: from concept to launch, order to delivery, or raw materials into the hands of the customer.  Value streams extend outside of specific organizations. For example, the value stream involved in creating a can of soda includes mining and refining aluminum, transportation networks, processing corn syrup, etc…

Answer 2

Another term for a value chain.

Answer 3

All activities, both value added and non value added, required to bring a product from raw material into the hands of the customer, a customer requirement from order to delivery, and a design from concept to launch. Value stream improvement usually begins at the door-to-door level within a facility, and then expands outward to eventually encompass the full value stream.

Answer 4

All of the steps, tasks and activities (both value added and non value added) which are required in the current process to progress a product from receipt of raw materials or new information through to finished product; from receipt of a customer's order to delivery of that product or service to the customer; or from research and development into routine manufacturing (rephrased from Womack and Jones).

Answer 5

The specific activities required to design, order, and provide a specific product, from concept to launch, order to delivery, and raw materials into the hands of the customer.

Answer 6

The specific activities required to design, order and provide a product, from concept to launch, order to delivery, and raw materials into the hands of the customer. Whenever there is a product for a customer, there is a value stream. Up to 90 percent of the actions and 99.99 percent of the time along a typical value stream can consume resources, but create no value for customers.

Answer 7

All activities, both Value Added and Non Value Added, required to bring a product group or service from order to the hands of the customer