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What is value stream mapping?

Value stream mapping is a visual way to improve productivity and quality by identifying and eliminating waste. It’s a process that can be applied at any step of the process, from raw material to customer service. It improves the efficiency and effectiveness of any value stream by creating a map that shows where time and resources are used, wasted, or waiting.

What do freelance Value Stream Mapping Consultants do?

Freelance value stream mapping consultants utilize information flow in a business to monitor and improve the flow of materials, products, services, activities, and resources through the system.

The basic idea behind Value Stream Mapping is that waste in a process will result in lower quality products or services. The map enables companies to study and review each step of the process. The map has over 100 different symbols on it which helps businesses see where they can improve their process. Each step of the process is broken down, and the company tries to figure out why this step is necessary and what value it provides. If it is unnecessary or adds no value to the product or service, then they try to eliminate this step from their production line and hopefully reduce waste and create a better quality product for their customer.

How do freelance consultants carry out value stream mapping?

Freelance consultants have a variety of methods to use to create a value stream map. The first method is a “process map”. A process map usually captures all of the workflows within a company and represents them as a tree diagram with each process on one level. These maps can be useful to give an overview of how processes are interrelated, but they do not capture any information about waste or inefficiencies because they do not contain details about each step or how often each step happens. Consultants usually adopt the below steps in value stream mapping.
1: Defining Value: Freelance value stream mapping consultants would often begin by getting everyone on board about what needs improvement.
2: Identifying Waste: Freelance consultants would next find out where time and resources are being wasted; it includes everything from overproduction to defects.
3: Establishing Flow: Freelance consultants would find out where the waste is by visualizing the time and material it takes to produce products or services.
4: Improving Flow: Consultants will identify options for reducing the waste and establish measures to improve the overall process and create a solution and establish measures.
5: Standardizing Improvements: Next, freelance value stream mapping consultants would set up a plan for sustainability that involves documentation, communication, and team participation.
6: Consolidating Gains: Once freelance consultants have completed step five, they verify that improvements are as expected then update as necessary.

These six steps when implemented by freelance consultants turn the map into an effective tool for improving processes, thus creating efficiency and quality. Ultimately, value stream mapping on the macroeconomic scale, leads to greater profits for companies, which leads to job creation and lower unemployment. Once freelance value stream mapping consultants have created the map, they ensure everyone involved in the process gets a clear understanding of it. Freelance value stream mapping consultants reinforce understanding throughout a firm by:
i) Putting up posters in strategic places around the business
ii) Creating a “value stream map wall” with push pins and string to illustrate the process.
iii) Having team members report back on how they can improve their portion of the process.
iv) Holding town hall meetings about the steps they took.
v) Getting teams together to celebrate their successes.

Why do you need a Freelance Consultant to handle your Business’ Value Stream Mapping?

A business’s value chain comprises some functions which just add overhead costs while some functions add more value than others. Instead of simply studying the main value-adding steps, Freelance Value Stream mapping consultants break these steps into smaller processes. This helps your business focus on sections which can be optimized and improved thereby optimizing business effectiveness and profitability.

Hire related Fintalents

Hire the best Value Stream Mapping specialists in 2,900+ industries

Fintalent is the invite-only community for top-tier M&A consultants and Strategy talent. Hire global Value Stream Mapping consultants with extensive experience in over 2,900 industries. Our platform allows you to build your team of independent Value Stream Mapping specialists in 48 hours. Welcome to the future of Mergers & Acquisitions!

Why should you hire Value Stream Mapping experts with Fintalent?

Trusted Network

Every Fintalent is exclusively invited and vetted.

Ready in 48h​​​

Hire efficiently. Your M&A team is ready in 2 days or less.​​​​

Specialized Skills​

Fintalents are best-in-class - and specialized in 2,900+ industries.​

Code of Ethics​​

We guarantee highest integrity and ethical principles.​​​

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Frequently asked questions

Most frequent questions and answers

What clients usually engage your Value Stream Mapping Consultants?

We work with clients from all over the world. Our clients range from enterprise and corporate clients to companies that are backed by Private Equity or Venture Capital funds. Furthermore, we work directly with Family Offices, Private Equity firms, and Asset Managers. Most of our enterprise clients have dedicated Corporate Development, M&A, and Strategy divisions which are utilizing our pool of Value Stream Mapping talent to add on-demand and flexible resources, expertise, or staff to their in-house team.

How is Fintalent different?

Fintalent is not a staffing agency. We are a community of best-in-class Value Stream Mapping professionals, highly specialized within their domains. We have streamlined the process of engaging the best Value Stream Mapping talent and are able to provide clients with Value Stream Mapping professionals within 48 hours of first engaging them. We believe that our platform provides more value for Corporates, Ventures, Private Equity and Venture Capital firms, and Family Offices.

Our Hiring Process – What do ‘Community-Approach’ and ‘Invite-to-Apply’ mean?

‘Invite-to-Apply’ is the process by which we shortlist candidates for the majority of projects on our platform. Often, due to the confidential nature of our clients’ projects, we do not release projects to our whole platform but using the matching technology and expertise of our internal team we select candidates who are the best fit for our clients’ needs. This approach also ensures engagement with our community of professionals on the Fintalent platform, and is a benefit both to our clients and independent professionals, as our freelancers have direct access to the roles best suited to their skills and are more likely to take an interest in a project if they have been sought out directly. In addition, if a member of our community is unavailable for a project but knows someone whose skill set perfectly fits the brief, they are able to invite them to apply for the role, utilizing the personal networks of each talent on our platform.

Which skills and expertise do your Fintalents have?

The Fintalents are hand-picked and vetted Value Stream Mapping professionals, speak over 55 languages, and have professional experience in all geographical markets. Our Value Stream Mapping consultants’ experience ranges from 3+ years as analysts at top investment banks and Strategy consultancies, to later career C-level executives. The average working experience is 6.9 years and 80% of all Fintalents range from 3-12 years into their careers.

Our Value Stream Mapping consultants have experience in leading firms as well as interfacing with clients and wider corporate structures and management. What makes our Value Stream Mapping talent pool stand out is the fact that they have technical backgrounds in over 2,900 industries.

How does the screening and onboarding of your Value Stream Mapping talent work?

Fintalent.io is an invite-only platform and we believe in the power of referrals and a closed-loop community. Members of our community are able to invite a small number of professionals onto the platform. In addition, our team actively scouts for the best talent who have experience in investment banking or have worked at a global top management consultancy. All of our community-referred talent and scouted talent are subject to a rigorous screening process. As such, over the last 18 months totaling more than 750 hours of onboarding calls, of which only 40% have received an invite-link after the call.

What happens if I am not satisfied with my Value Stream Mapping consultant’s work?

During your initial engagement with a member of our Fintalent talent pool with no risk. If you are not satisfied with the quality of your hire for any reason then we are able to find a replacement at short notice. There is no minimum commitment per project, but generally projects last at least 5 days and can last 12+ months.

Interested in our invite-only community of tier-1 Value Stream Mapping experts?

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