the sequence of business activities by which, in the perspective of the end user, value is added to products or services produced by an organization
the sequence of activities a company performs in order to design, produce, market, deliver, and support its product or service. The concept of the value chain was first suggested by Michael Porter in 1985, to demonstrate how value for the customer accumulates along the chain of organizational activities that make up the final customer product or service. Porter describes two different types of business activity: primary and secondary. Primary activities are concerned principally with transforming inputs, such as raw materials, into outputs, in the form of products or services, delivery, and after-sales support. Secondary activities support the primary activities and include procurement, technology development, and human resource management. All of these activities form part of the value chain and can be analyzed to assess where opportunities for competitive advantage may lie. To survive competition and supply what customers want to buy, the firm has to ensure that all value chain activities link together, even if some of the activities take place outside the organization.
the most traditional approach to exploring career prospects, which involves identifying the next—most obvious—move in a career path. The next step is usually assumed to be the role occupied by a manager.
Knowing what one needs from the supply chain is the first step in supply chain planning. Every company must define what its supply chain is. 'Supply chain' differs for each decision and each business. With rigorous attention to industry trends and market changes, effective supply chain planning can sharpen the...
A supply chain is not a series of links forged together for a common purpose. It is a nice image. However it minimizes the reality of the chain and how each link in that chain must design its own logistics process to function within the chain. As a result, there...
From the executive summary: ‘Supply chain is not a series of links forged together for a common purpose. That is a nice image. However, it minimizes the reality of the chain and how each link in that chain must design its own logistics process to function within the chain. As...
Supply chain performance has never been as important as it is today. In an economy where supply chains, and not companies, battle one another, how a supply chain performs determines who will win the battle. To achieve maximum benefit from a supply chain, creating competitive advantage in the supply chain...
With competitive global manufacturing and sophisticated information exchange, the pairings have moved beyond the four walls of the company and include more than just supply chain processes. As a result, a person has seen the evolution of the "Value chain" concept. This paper looks at the latest additions to the...
As companies continue to move toward extended supply chains and evolve into new ways of doing business, collaboration among supply chain partners is more important than ever before. As supply chain networks compete, a highly effective supply chain will outpace the competition through more efficient operations and increased market share....
A supply chain is not a series of links forged together for a common purpose. That is a nice image. However it minimizes the reality of the chain and how each link in that chain must design its own logistics process to function within the chain. As a result, there...
From the executive summary: ‘The challenge for management is not to become complacent about the supply chain, but to continually assess supply-chain effectiveness and the ability of the supply chain to contribute significantly to overall strategic objectives of the company. This must become a proactive process with a focus on...
A supply chain is not a series of links forged together for a common purpose. That is a nice image. However it minimizes the reality of the chain and how each link in that chain must design its own logistics process to function within the chain. As a result, there...
An effective supply chain can contribute significantly to overall strategic objectives. An efficient, responsive supply chain can be one of management's most effective competitive weapons and a primary differentiation. The article resorts that the value of an effective supply-chain strategy is well recognized. On-going evaluation of your supply chain is...
DALLAS -- An ever-changing business landscape creates extreme supply chain complexities. This requires continuous adjustments for companies seeking maximum value from supply chain implementations. To gain an advantage, some of the world's leading supply chain innovators are leveraging knowledge process outsourcing KPO. This involves allowing dedicated third-party supply chain experts...
Supply Chain Synchronization is fast becoming the most important way to develop higher levels of supply chain competitive advantage. To achieve the highest level of supply chain synchronization benefit, one must address eight different dimensions of the supply chain explained in this paper. Regardless of what anyone says about the...
Looking to increase market share, grow profits, and gain strategic advantage? Then one would want to become a supply chain master. These leaders have put supply chain competency at the very heart of their business model, creating supply chain and service strategies that drive additional revenues. The article shows how...
Until now, there have been few techniques available for analysis of something as complex as the typical business enterprise supply chain. This paper discusses a new method for supply chain analytics based on dividing the supply chain into discrete functional units, called segments, which can be individually analyzed. After detailed...
SIMPLIFY, COLLABORATE, ADAPT. Those steps to supply-chain optimization seem so natural and easy in the context of Dell, Procter & Gamble and Wal-Mart. Yet why is supply-chain optimization still the exception rather than the rule? Why the optimization lag when common knowledge signals...
Supply chain intelligence reveals opportunities to reduce costs and stimulate revenue growth and it enables companies to understand the entire supply chain from the customer’s perspective. Before examining the supply chain of a particular business, it may be advantageous to understand the motivations behind supply chain improvements. The confluence of...
Chances are you've heard the term supply chain strategy. Used informally, it is often confused with supply chain management, where supply chain operations controlled to reduce costs. There's some truth to this definition, but supply chain strategy really is broader; it defines how the supply chain should operate in order...
The supply chain forms the backbone of an organization. It consists of the dealer and distributor network and extends right up to the source of the raw materials. The product passes through different stages of its development and moves from the source of raw materials to the market along the...
The concept of a Value Chain has existed for twenty years but the authors find it still is an unclear concept. It has been suggested that the third generation supply chain is based on customer intimacy and is fully synchronized. In this paper, the authors discuss the need to relate...
"The Supply Chain Operations Reference-model SCOR has been developed and endorsed by the Supply-Chain Council SCC, an independent not-for-profit corporation, as the cross-industry standard for supply-chain management. This model process reference model is designed for effective communication among supply-chain partners. It also describe, measureand evaluate Supply-Chain configurations. Standard SCOR...
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