Abstract:
The aim of this paper is to review available
literature in the field of value-added analysis and value
creation. Value added analysis techniques and approaches
which are described in the literature are to be presented and
systematized. Subsequently a case study is presented and
suggestions for process improvement are presented. Aiming
to obtain an overview from both the theoretical and practical
sides, papers and books from 2006 to 2020 were collected
and classified. First according to the genre of the text,
secondly, according to the industry meant to be improved,
and thirdly, according to the use of single or multiple
approaches of value creation. The papers have been grouped
into four categories: the first group relates to papers
approaching Value Stream Mapping (VSM), the second
group contains papers describing and/or using Seven Wastes
as value identification technique, the third concerns Process
Mapping (PM) approaches and the fourth group concerns a
different approach of Nonvalue Added Analysis.
