To identify value streams using a two-dimensional matrix, the following two items must be utilized:
A) value indicators; costs
B) activities/processes; costs
C) quality indicators; products
D) activities/processes; products

Question

Quizplus · Accepted Answer

The two items needed to identify value streams using a two-dimensional matrix are the activities/processes and the products. The matrix is then used to analyze which activities/processes add value to the product and which do not, allowing for optimization of the value stream. Quality indicators and value indicators may be used as additional criteria for evaluating the value stream, but they are not the primary items needed for creating the matrix. Costs are also important considerations, but they are not one of the two primary items needed for creating the matrix.

To Identify Value Streams Using a Two-Dimensional Matrix, the Following