The value stream method is a common method for the analysis and design of value streams. However, the classical value stream method is very strongly oriented towards the material flow and considers the information flow only from the point of view of production control. However, with the increasing digitalization of production, the information flows in production also increase. Therefore an extension of the classical value stream method to the value stream method 4.0 is necessary. With its help, waste in information logistics can be analyzed and eliminated.