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Value Stream

The Value Stream is the specific activities required to design, order and provide a specific product, from concept to launch, order to delivery, and raw materials into the hands of the customer. (Lean Manufacturing Glossary of Terms)

Value Engineering

Value Engineering is an organized effort to analyze the functions of systems, equipment, facilities, services, and supplies for the purpose of achieving the essential functions at the lowest life cycle cost consistent with required performance, reliability, quality,...