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 Specify Value.
Value is defined by the ultimate customer’s needs through tools such
as value management,
quality function deployment and simulation.
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Identify and Map the Value
Stream.
The value stream identifies all those steps required to make a product.
Identifying value stream, the way value is realized, establishes when
and how decisions are to be made. The key technique behind value stream
is
process mapping for a very specific reason: that of understanding
how value is built into the building product from client’s point of
view.
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Flows. Flows
are characterized by time, cost and value. Resources (labor, material
and construction equipment) and information flows are the basic units of
analysis.
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Pull.
At a strategic level, pull identifies the real need to deliver the
product to the customer as soon as he needs it.
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Perfection. To achieve
perfection means constantly considering what is being done; how it is
being done and harnessing the expertise and knowledge of all those
involved in the processes to improve and change it. With
continuous improvement done and with waste eliminated along the flow
process, perfection is the ultimate sweet reward that companies can
achieve.
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