Value-stream mapping i.e. the value stream a company creates when creating its product
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The acronym VSM has also started to appear in software engineering for some time now, but it has an old pedigree of more than 30 years. Value-stream Mapping (VSM), known for 30 years, more recently also as material- and information-flow mapping. It is a method with its origins in Lean Management, used to analyse the current state and design the future state for the series of events that lead a product or service from order to delivery to the customer.
Source: Value-stream mapping czyli strumień wartości jaki wytwarza firma tworząc swój produkt – Jarosław Żeliński IT-Consulting