Abstract
The aim of this paper is to review available literature in the field of value-added analysis and value creation. Value added analysis techniques and approaches which are described in the literature are to be presented and systematized. Subsequently a case study is presented and suggestions for process improvement are presented. Aiming to obtain an overview from both the theoretical and practical sides, papers and books from 2006 to 2020 were collected and classified. First according to the genre of the text, secondly, according to the industry meant to be improved, and thirdly, according to the use of single or multiple approaches of value creation. The papers have been grouped into four categories: the first group relates to papers approaching Value Stream Mapping (VSM), the second group contains papers describing and/or using Seven Wastes as value identification technique, the third concerns Process Mapping (PM) approaches and the fourth group concerns a different approach of Nonvalue Added Analysis.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: Scientific Bulletin of the Politehnica University of Timişoara Transactions on Engineering and Management
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
