Reducing Waste in Manufacturing Industry using Cost Integrated Value Stream Mapping Approach

Abstract

Abstract In recent years, every manufacturing industry has tried to eliminate various wastes in its operations. The effect of wastes will have a direct impact on increasing costs. Therefore, the cost approach is integrated into the value stream mapping to obtain an illustration of the cost losses incurred. This paper describes how to apply integrated value stream mapping with the cost approach. Finally, this approach is considered effective in mapping the amount of cost losses incurred due to the wastes that occur along the value stream.