Date Added: Sep 2011
With the emergence of a business era that embraces changes as one of its major characteristics, manufacturing success and survival are becoming more and more difficult to ensure. The emphasis is on adaptability to changes in the business environment and on addressing market and customer needs proactively. Changes in the business environment due to varying needs of the customers lead to uncertainty in the decision for requirements from supplier. Flexibility is needed in the Value Stream Map (VSM) to counter the uncertainty in the decision for requirements from supplier. VSM adapts the changes if it is flexible and agile in nature.