Value-Added

Value-Added - The extent to which data is beneficial and provides advantages from its use.

Public Schools of North Carolina, 04 May 2010 11:57:16, http://www.ncpublicschools.org/data/management/glossary/

---

These advertisers support this free service

---

Value-Added - A term used to describe activities that transform input into a customer (internal or external) usable output.

[Category=Quality ]

Source: American Society for Quality, 28 October 2010 09:34:29, http://www.asq.org/glossary/

---

Value-Added - To be a value added action the action must meet all three of the following criteria:

   1) The customer is willing to pay for this activity.
   2) It must be done right the first time.
   3) The action must somehow change the product or service in some manner.

You will need to look for the "7 elements of waste" and when categorizing need to break out your % split into:

   % True Value Added,
   % True Non Value Added, and
   % Necessary Waste (i.e legal requirement).

If your processes are typical then the %VA will be less than 5%.

[Category=Data Quality ]

Source: iSixSigma, 03 March 2011 09:05:33, https:web.archive.org/web/20111109014246/http:www.isixsigma.com/index.php?option=com_glossary