Value Stream Mining: the power of E2E process analysis.
What is Value Stream Mining?
- Value Streams are sequences of activities that cross functions and organizational units to create valuable outcomes. At the limit they will encompass the whole of an organization’s value chain.
- Value stream mapping is a technique used in lean management which creates representations or maps of a complete value chain providing an E2E view to optimize a companies’ value creation process.
- At Inverbis we have embraced the value stream concept, and we believe that process mining can be a powerful tool to support value stream analysis. This is the origin of Value Stream Mining.
The power of E2E process analysis
We believe the analysis of E2E processes spanning a company’s value chain can give a wider perspective on where inefficiencies occur, that can be missed applying a narrower focus.
Our intention is to mine E2E processes to support a Value Stream Mapping approach, extending the PM paradigm beyond traditional O2C and P2P processes.
The Data Challenge
This requires being able to seamlessly integrate data from a number of diverse systems that support the company’s operations.
To facilitate this, we have focused on creating connectors with leading data management vendors (denodo & TimeXtender) which allow us to compose processes using data from multiple diverse sources.