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1. enterprisersproject.com › article › 2020Value Stream Management: The good, bad, and ugly for Agile ...

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   Nov 19, 2020 · Value Streams help ensure that software and services under development deliver value for employees or customers. Plenty of enterprises still struggle to know exactly what value is being derived from their software development efforts.

2. scaledagileframework.com › value-stream-managementValue Stream Management - Scaled Agile Framework

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   • Precisely Specify Value by Specific Product. This first principle of Lean thinking underscores the importance of understanding customers’ needs and quantifying the value inherent in the products and services delivered.
   • Identify the Value Stream for Each Product. Once the value of their products and services has been precisely defined, organizations must identify how they will develop and deliver that value to customers.
   • Make Value Flow without Interruptions. Once value streams are identified and teams are organized around the solutions they support, the value stream must be cleared of wasteful activities that delay solution delivery.
   • Let the Customer Pull Value from the Producer. Value streams must deliver the right value to customers at the right time. This fourth principle of Lean thinking guides organizations to provide solutions that customers pull into the market based on their actual needs rather than pushing solutions based on what they think customers need (Figure 6).

3. www.sysaid.com › blog › itilITIL 4 Value System: Chain and Stream Differences | SysAid

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   Apr 23, 2019 · The service value chain refers to activities that lie at the heart of the service value system. Value streams offer more detailed descriptions of the activities needed to respond to specific types of demand and opportunity. The ITIL service value system includes everything needed to create value in the form of services.

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4. softwaredominos.com › home › software-designSoftware Delivery Value Chain: Unveiling the Key Challenges ...

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   Jan 18, 2024 · The software delivery value chain represents the abstract high-level model that depicts how customer value is generated, delivered, and differentiated from competitors. By understanding the key challenges and opportunities in the value chain, businesses can develop strategies to optimise their processes and deliver value to their customers more ...

5. www.atlassian.com › agile › value-stream-managementWhat is Value Stream Management? - Atlassian

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   Value stream management is a set of practices that improve the way teams deliver high-quality customer experiences. VSM focuses on two things – how quickly customer-requested features or updates are delivered and whether the customer realizes the value from those changes.

6. scagile.io › en › blogWhat Is Value Stream Mapping and How Can You Use It ... - Scagile

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   Lean Value Stream Mapping aims to optimize the value creation process (production process) – for example, by avoiding waiting times or warehousing, concerning the flow of material and information, which ultimately leads to cost reduction potential.

7. People also ask

   What is value chain analysis?

   • Value chain analysis; Value stream analysis Value chain management (VCM) refers to the decisions and action taken by a firm in order to optimize its value chain. The value chain is a representation, introduced by Porter (1985), of the firm as a chain of linked activities that work together to create value for the customer.

   Value Chain Management - Springer

   link.springer.com/referenceworkentry/10.1007/978-3-030-02006-4_851-1

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   Does value chain management overlap with supply chain management?

   • Often, in the literature, value chain management (VCM) seems to overlap with supply chain management (SCM). The latter has become more and more central in enabling the firm to bring products and services to its customers in a reliable and efficient way (Presutti and Mawhinney 2013; D’heur 2015).

   Value Chain Management - Springer

   link.springer.com/referenceworkentry/10.1007/978-3-030-02006-4_851-1

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   What is a value chain?

   • The value chain is a representation, introduced by Porter (1985), of the firm as a chain of linked activities that work together to create value for the customer. The linkages can arise from the need for optimization or from the need for coordination.

   Value Chain Management - Springer

   link.springer.com/referenceworkentry/10.1007/978-3-030-02006-4_851-1

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   What is a service value chain in ITIL 4?

   • The three ideas are related, and the names certainly help to emphasize that ITIL 4 is all about how value is created through services. In short: The highest-level concept is the service value system. The service value chain refers to activities that lie at the heart of the service value system.

   ITIL 4 Value System: Chain and Stream Differences | SysAid

   www.sysaid.com/blog/itil/itil-4-value-system-value-chain-value-stream-whats-the-difference

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   What is a service value chain?

   • The service value chain describes six activities that work together to take incoming demand and create corresponding value – by creating and managing the products and services which enable the service provider to co-create value with the service consumers. Figure 4.2 on Page 58 of ITIL Foundation. Copyright © AXELOS Limited 2019.

   ITIL 4 Value System: Chain and Stream Differences | SysAid

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   What is Sustainable Value Chain Management (VCM)?

   • Nowadays VCM has evolved into extended (or global) value chain management and, more recently, to sustainable value chain management. This implies that a firm has to consider its relationship within a global context and with firms and customers worldwide.

   Value Chain Management - Springer

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8. link.springer.com › referenceworkentry › 10Value Chain Management - SpringerLink

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   Apr 1, 2023 · Definition. Value chain management (VCM) refers to the decisions and action taken by a firm in order to optimize its value chain. The value chain is a representation, introduced by Porter (1985), of the firm as a chain of linked activities that work together to create value for the customer.