The value chain examines how a company creates competitive advantage through a series of value-adding activities, divided into primary and support activities. The supply chain encompasses the entire process of moving a product from suppliers to customers, including forecasting, purchasing, production planning, and distribution. While the value chain focuses on a single organization, the supply chain applies to the manufacturing and distribution functions across an entire production network.
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Original Title
The Difference Between Value Chain and the Supply Chain
The value chain examines how a company creates competitive advantage through a series of value-adding activities, divided into primary and support activities. The supply chain encompasses the entire process of moving a product from suppliers to customers, including forecasting, purchasing, production planning, and distribution. While the value chain focuses on a single organization, the supply chain applies to the manufacturing and distribution functions across an entire production network.
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The value chain examines how a company creates competitive advantage through a series of value-adding activities, divided into primary and support activities. The supply chain encompasses the entire process of moving a product from suppliers to customers, including forecasting, purchasing, production planning, and distribution. While the value chain focuses on a single organization, the supply chain applies to the manufacturing and distribution functions across an entire production network.
Copyright:
Attribution Non-Commercial (BY-NC)
Available Formats
Download as DOC, PDF, TXT or read online from Scribd
⇒ The value chain is a systematic ⇒ Forecasting, purchasing,
approach to examining the production planning, development of competitive warehousing (in and out) and advantage. distribution all used to be in different parts of the ⇒ The chain consists of a series of organization. activities that create and build value. ⇒ The value chain is a part of the supply chain ⇒ In order to run the value process the organisation is split into ⇒ The supply chain concern with 'primary activities' and 'support the manufacturing of the activities.' product and its distribution
⇒ The value chain categorizes the ⇒
generic value-adding activities of an organization.
⇒ The value-chain concept has been
extended beyond individual organizations. It can apply to whole supply chains and distribution networks.
⇒ Six business functions of the Value
Chain are Research and Development Design of Products, Services, or Processes Production Marketing & Sale Distribution Customer Service