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Value Stream Management Predictions and Opportunities for 2022

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If you feel like you’ve been hearing a lot about digital transformation and Value Stream Management in recent months, it’s for good reason: New research reveals 96% of organizations have started adopting digital transformation initiatives.

When asked how they’ll enhance their transformation effectiveness, “improving product lifecycles,” a core value proposition of Value Stream Management, was the top-rated response.

In this article, I’ll provide a look at the findings from this research and outline what Value Stream Management means for organizations pursuing digital transformation today.

Entering 2022, Teams Confront Major Visibility and Silo Issues

A large percentage of respondents, 92%, indicated they currently have significant product development obstacles. When it comes to top product development challenges for 2022, “lack of visibility throughout the product lifecycle” and “inefficient processes” were the two top-rated responses.

A significant percentage of respondents indicated that they’re contending with an age-old problem: silos. For many, these challenges have grown more pronounced in recent months.

Here’s how one CIO of a manufacturer put it: “Product challenges evolve as our processes change and are somewhat a function of more people working from home, which creates silos and inefficiencies.”

The research shows Value Stream Management (VSM) is emerging as a clear solution for addressing these hurdles.

Momentum Behind VSM is Significant and will Grow in 2022

As referenced above, nearly all organizations have adopted digital transformation initiatives, which is no surprise. How do teams boost their transformation efficacy? When asked this question, “establishing seamless workflows in the product lifecycle” was the top answer.

Further, virtually all respondents agreed that VSM offers optimized processes for the product lifecycle.

Given the urgent need to resolve key business and product issues, 42% of respondents have started to utilize value chains as part of their digital transformation. In addition, a significant percentage of respondents indicated they currently have several value streams in place. Of companies not doing VSM today, 72% are planning on it, and 50% will likely start their VSM projects in 2022. Only 14% say their company isn’t planning a VSM initiative.

There’s Widespread Consensus on VSM’s Benefits

Teams predict they’ll be getting a lot out of their VSM initiatives; 99% stated there are multiple benefits from adopting VSM. One of the top anticipated benefits is improved data-driven decision-making.

A CIO of a financial institution highlighted the importance of customer-focused metrics in informing optimization: “Value streams provide measurable metrics for customer satisfaction. There is no way to optimize processes without a customer point of view.”

Conclusion: VSM is Key to Innovation in 2022

Given the integral role VSM plays in enabling digital transformation, this new research reveals VSM is a key imperative for the vast majority of enterprises in 2022.

This research is now available in a report entitled, “Value Streams are Accelerating Digital Transformation.” Conducted by Dimensional Research and sponsored by Broadcom, the report offers several compelling insights that business and IT leaders can draw from as they chart their organization’s path for 2022. For more information, be sure to read the complete report.

Author: Marla Schimke, Head of Product Marketing at Broadcom Software

Source: cio.com

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Finance

Biden: Federal Reserve Should ‘Recalibrate’ Policy As Prices Rise

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WASHINGTON – U.S. President Joe Biden on Wednesday said it was appropriate for the Federal Reserve to recalibrate the support it provides to the U.S. economy, in light of fast-rising prices and the strength of recovery.

‘Given the strength of our economy and recent price increases, it’s appropriate, as … Fed Chairman [Jerome] Powell has indicated, to recalibrate the support that is now necessary,’ Biden told a

Source: bignewsnetwork.com

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Finance

Sinema, Manchin Prove There’s Still a Long Way to Go

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The Black community owes a debt of gratitude to United States Senators Kyrsten Sinema and Joe Manchin. The dynamic duo have managed, by supporting the filibuster and crippling two major voting rights bills, to remind any of us who had any doubts or historic contextual misunderstandings that Martin Luther King Jr. Day is a day …

Original Source: azcapitoltimes.com

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Finance

Fields Holdings Adds Another Retail Center in SoCal

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It’s been a big day for retail real estate in Orange County, Calif.

Commercial Observer can first report that Fields Holdings has agreed to pay $28.8 million for Palm Center, a 92,950-square-foot, grocery-anchored shopping center in the city of Orange. This deal follows the $39.5 million sale of Gateway Center in Orange County, which was also announced today. Additionally, it was announced last week that L.A.-based Fields Holdings acquired the Brentwood Shopping Center in Los Angeles for $30 million.

Colliers announced the Palm Center deal and represented the seller, Corning Development. It’s the first change in ownership since it was developed in 1971.

“The seller was Australia-based, and this was their last owned asset in the U.S.,” said Colliers’ El Warner, who brokered the deal with Charley Simpson. “After our team generated 16 offers, the property was purchased by a Los Angeles-based investor who was in a 1031 exchange from the sale of an apartment property. The buyer plans on renovating the shopping center and holding the property long-term.”

Palm Center is located on 8.1 acres at 934–970 North Tustin Street. Albertsons has been the anchor tenant for more than 30 years. Other tenants include The UPS Store, O’Reilly Auto Parts, UFC Gym, Aqua-Tots Swim Schools and America’s Best Contacts & Eyeglasses. Colliers said the sale represents continued demand for quality retail properties with upside in booming U.S. markets. 

“Eleven billion dollars in retail traded hands across the U.S. in November of 2021, the highest level on record in the last decade,” Warner told CO in a statement. “Demand is robust as both 1031 exchanges increased and institutional capital returned into the retail investment space.” 

He added that the pandemic proved retail’s resiliency with increased buyer demand that significantly outpaced supply, creating cap rate compression and additional competition.

“Accelerated interest and limited supply have created an incredibly bullish market for retail moving into 2022,” he said. “Under the current economic conditions, property owners willing to market an asset will see a tremendous return. Legacy properties remain extremely attractive to buyers looking to capitalize on long-term yield.”

Gregory Cornfield can be reached at gcornfield@commercialobserver.com

Source Here: commercialobserver.com

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