The Value Stream Mapping Tool Often Requires Completion of the Future

question 3

True/False

The value stream mapping tool often requires completion of the future state drawing before the current state drawing, to help managers see the future state goals and more easily identify problems with the current state of the process.

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Definitions:

Fixed Amount

A specified sum of money that does not change or vary.

Payable

Refers to an amount of money that is owed and should be paid, often within a specified period.

Instrument

A formal document that serves as a legal evidence of a fact or agreement, such as a contract, deed, will, or promissory note.

Promissory Notes

Written promises to pay a specified sum of money to a certain person or entity under agreed terms.