what are the value chain activities?
527887
The primary activities of Michael Porter's value chain are inbound logistics, operations, outbound logistics, marketing and sales, and service. The goal of the five sets of activities is to create value that exceeds the cost of conducting that activity, therefore generating a higher profit.
282049
An industry value-chain is a physical representation of the various processes involved in producing goods (and services), starting with raw materials and ending with the delivered product (also known as the supply chain).
855316
To recap: the Supply chain is the process between producing and distributing the product, dealing with the suppliers and logistics of getting the product to market; the Value chain is a set of activities carried out by the company which maximises the competitive advantage.
485594
['Agriculture.', 'Sale of Furniture.', 'Making of Fruit Juice.', 'Pure Water Production.', 'Oil and Gas Business.', 'Haulage Services.', 'Hotel Business.', 'Fast Food Eatery.']
168438
The key processes of supply chain management include customer relationship management, supplier relationship management, customer service management, demand management, order fulfillment, manufacturing flow management, product development and commercialization, and returns management.
437877
e-Supply chain refers to the business activities that incorporate e-business. approaches into supply chain processes. e-Supply chain management involves. applying e-business technologies to assist and optimize value-adding activities in. supply chains.
912738
What is Supply Chain Management Strategy? Supply chain management (SCM) involves the movement of products and services from suppliers to distributors. ... The major functions involved in SCM are the procurement of raw materials, product development, marketing, operations, distribution, finance, and customer services.
1040346
['Expansion in developing countries.', 'Market development in the Middle East.', 'Product diversification.']
113719
Key Takeaways. The value chain is a process in which a company adds value to its raw materials to produce products eventually sold to consumers. The supply chain represents all the steps required to get the product to the customer.
1067741
There are three main flows of supply chain management: the product flow, the information flow, and the finances flow. The Product Flow – The product flow involves the movement of goods from a supplier to a customer. This supply chain management flow also concerns customer returns and service needs.
933876
['Value responding to change over following a plan.', 'Value individuals and interactions over processes and tools.', 'Value working software over comprehensive documentation.', 'Value customer collaboration over contract negotiation.']
1206375
A value chain model represents the qualities that make products and companies successful from the customers' point of view, while the business model describes the systems that make a company viable for its owners and investors.
1454481
['Market penetration.', 'Product development.', 'Market development.', 'Diversification.']
1460904
Value chain analysis and resource-based analysis are two approaches you can use to assess your business' strengths relative to your competitors. Value chain analysis is centered on a distribution and logistics evaluation, while resource-based analysis is more grounded in economics.
972551
['Farming. ... ', 'Advertising. ... ', 'Hospitality. ... ', 'Smart buildings. ... ', 'Retail. ... ', 'Financial services. ... ', 'Manufacturing.']
498321
['Economic activity: Business is an economic activity of production and distribution of goods and services. ... ', 'Buying and Selling: ... ', 'Continuous process: ... ', 'Profit Motive: ... ', 'Risk and Uncertainties: ... ', 'Creative and Dynamic: ... ', 'Customer satisfaction: ... ', 'Social Activity:']
755072
The primary objective of value chain management is integration of the value chain partners leading to improvement in efficiencies and resulting in value creation to the stakeholders. In general the decisions in any organization can be classified into - Strategic, Operational and Tactical (SOT) (Ilyas et al, 2005).