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Value Stream Mapping with Critical Path Analysis and Process Reliability Modeling (MFGN77M)

Presented by: Dr. Michael Abitz
(*) Single User Price. For multiple users please call 1-844-384-4744
Pre Recorded Webinar
60 minutes
Event Description

How VSM Can Help Boost Revenue and Customer Satisfaction

Value stream mapping (VSM) is a pictorial flowchart method used to illustrate, analyze and improve the steps required to deliver a product or service, by using a system of symbols to represent various work activities and information flows. Flowcharts are analyzed using critical path analysis and process reliability modeling to determine effectiveness, efficiency and reliability. The outcome of such analysis depends on management’s willingness to listen to its employees and process reliability data. Six Sigma data suggests the average loss due to poor management of processes varies between 25% and 40% of sales. On a scale of 1 to 6 sigma, this loss suggests an organization running at 3 sigma—not ideal!

Do you want to get more insight on how the VSM process really works? Join this session with organizational management expert Dr. Michael Abitz who will share an array of tools and methods that your organization can engage to reduce the loss of revenue and boost customer satisfaction. The session gives you a chance to make a difference by learning the methods to map, analyze and determine the effectiveness, efficiency and reliability of processes.

Session Highlights

  • Anoverview of value stream mapping
  • Purpose and benefits specific to VSM
  • Symbols and VSM steps representing different activities and information flows
  • Results of VSM
  • VSM caveats and how to work around them
  • Analyze processes using critical path analysis and process reliability modeling
  • Problem resolution methods
  • Determining effectiveness, efficiency and reliability

Who Should Attend

  • Senior executives
  • Strategic leaders
  • Quality managers
  • Product managers
  • Manufacturing and R&D managers
  • Quality professionals/consultants
  • ISO coordinators/management representatives
  • Engineers and supervisors
  • Process auditors
About Our Speaker(s)

Dr. Michael Abitz
Dr. Michael Abitz is an Adjunct Professor at New Mexico Jr. College, Hobbs, NM. He received his Doctorate in Management from Colorado Technical University and Master of Science in Quality Assurance from California State University. His areas of interest include teaching online, mentoring organizations in problem-solvin... More info

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    Event Title: Value Stream Mapping with Critical Path Analysis and Process Reliability Modeling
    Presenter(s): Dr. Michael Abitz

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