Analysis of Value Creation and Value-Added Analysis Techniques in Published Literature. A Literature Review

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.