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Total lead time measures the time it takes for a customer request to go through the entire value stream to delivery, providing insight into the efficiency and responsiveness of the enterprise value creation.

Cycle time reduction in value streams seeks to minimize the total time from the beginning to the end of a process cycle, thus speeding up production, delivery, and ultimately, customer satisfaction.

Continuous flow, also known as one-piece flow, involves designing processes to move one product at a time between stages with minimal wait or downtime, thereby improving process efficiency and throughput.

A bottleneck refers to a stage in the value stream with lower capacity compared to preceding or succeeding steps, which limits throughput and negatively impacts flow efficiency.

VSM is a visual tool used to analyze and design the flow of materials and information required to bring a product or service to a consumer, identifying waste and improving overall efficiency.

WIP limits are constraints placed on the amount of unfinished work that can be within the value stream at any one time, which helps to reduce clutter, highlight bottlenecks, and improve flow.

Flow efficiency measures the efficiency of the value stream by comparing the value-adding time to the total lead time, enabling enterprises to identify areas for improvement.

Pull systems in value streams ensure that work is initiated based on customer demand rather than forecasted schedules, thereby reducing overproduction waste and aligning production closer to actual customer needs.

A value stream comprises all the activities and processes needed to transform a customer request into a finished product or service, emphasizing the creation of value from the customer's perspective.