Identify stakeholders and plan how manufacturing or serviceprocesses use value stream mapping. What is the benefit and why docompanies do it? How would a company measure improvements?
Expert Answer
Stakeholders are those who arebenefitted by the operations of the company. Be it employees or thewater suppliers or the persons who clear the garbage. They all arecommonly known as stakeholders as they are benefitted by theorganization or the company.
Value Stream Mapping formanufacturing or service processes is a technique which is used fordocumenting, analyzing and improving the flow of information thatare required for the production of a product or a service
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