What is value mapping?

What is value mapping?
A . Analysing the costs that go into making a product
B. Creating value through the elimination of waste and operational inefficiencies
C. Segmenting suppliers based on the value they bring to the company
D. Make vs Buy decision

View Answer

Answer: B

Explanation:

The definition of value mapping is given on p.69 this is; ‘a process in which value is created through the elimination of waste and operational inefficiencies’. It ties into JIT / Lean.