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TechTrends e-Newsletter I May 2004 Page 1 of 7 <br /> MinnesotaN- Print Close0 (-7- <br /> INFORMATION <br /> TECHa publication of <br /> l ittesota cF1 1I : ..Cne, ... <br /> Volume 5, Issue 5 May 2004 <br /> Cover Story <br /> This issue of Tech Trends is sponsored by RMC Project Management. <br /> 0101 KIM <br /> i <br /> • RMC Project Management is a Minnesota-based company that has been training <br /> project managers for 12 years. Our courses were developed by Rita Mulcahy, PMP, <br /> the author of PMP Exam Prep. We offer a combo-class in Minneapolis, which <br /> • <br /> includes the Project Management Tricks of the Trade (3-day) and PMP Exam Prep <br /> (2-day) courses. These are fast-paced intensive courses that guarantee you will <br /> pass the PMP exam. With the class you get Rita's RMC PMP Exam Prep system—PMP <br /> Exam Prep, PM FASTrack exam simulation software, and Hot Topics flashcards. <br /> Register today at www.rmcproject.com and use promo code EMMTMA4 to get $100 <br /> off tuition. Sign up for RMC e-mails with future classes, products and free project <br /> management tips at www.rmcproject.com. <br /> q <br /> I <br /> Mapping Your Way Down the Value Stream <br /> Small manufacturers should go with the flow. <br /> Set aside industrial management jargon for a moment. Simply put, a value stream <br /> map (VSM) takes the concept of lean manufacturing back to the drawing board— <br /> literally. Your company is the value stream, and the map is the pencil sketch that <br /> o charts the flow of materials and information down that stream. Small manufacturers <br /> o hoping to reap the benefits of lean get a solid start with this exhaustive yet easy-to- <br /> use tool. <br /> According to the Manufacturers' Resource Center, Pennsylvania's Manufacturing <br /> Extension Partnership affiliate, well-executed value stream mapping can allow <br /> facilities to shorten lead times by 95 percent, reduce work in progress by 90 <br /> percent, and improve product quality between 50 and 90 percent. Research <br /> indicates that the mapping process leads to considerable gains in space use, <br /> employee skills, and productivity, as well. <br /> http://www.minnesotatechnology.org/publications/techtrends/2004/May/printVersion.asp 5/17/2004 <br />