Hey everyone, welcome to this section, what is value in your journey of learning Lean management, you are right here. You began with an understanding of the concept of lean. You then learned about the lean pioneers. You then learned everything about the Toyota Production System. The previous topic gave you a thorough understanding of what is Poka Yoke. In this section, you will understand a critical lien term called as value.

You will also gain a detailed know how of what is a value stream. After understanding these two terms value and value stream, you will learn what a value stream map is. I want you to keep all the topics of value, value stream and Value Stream Map together under one section. However, that would have been one big section With several lectures in it, hence have divided this topic into two different sections. So why wait? Let's begin the first lecture of this section.

What is value?