Abstract
Value Stream Mapping (VSM) is a widely known lean tool to improve manufacturing systems. Despite having many benefits VSM also has some shortcomings in today’s more dynamic production environment. To eliminate these weaknesses and to further increase flexibility, we developed a dynamic value stream management concept taking both the recent digitalization technologies and organizational structures into account. Therefore, we designed a concept with two dimensions: on one hand a technical infrastructure facing Industry 4.0, on the other hand a management approach describing involved roles and relevant day-to-day activities. The analysis of value streams is facilitated by data analytics and simulation using real-time data. Our contribution possesses first insights in the conceptual considerations.
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