The Value Chain

2478 words, 10 pages

Intro Sample...

The value chain describes the full range of activities that firms and workers do to bring a product from its conception to its end use and beyond.
Every organization is comprised of processes and activities that are performed to develop, produce, sell, and distribute its products and services. These activities are the activities within an organization that create a product or services of value to the organization’s customers. The activities that comprise a value chain can be contained within a single firm or divided among different firms. Value chain activities can produce goods or services, and can be contained within a single geographical location or spread over wider areas. According to Michael... View More »

Body Sample...

He suggested, therefore that, that a firm’s co-ordination might be improved “by relating its organizational structure to the value chain, and the linkages within it and with suppliers or channels

Linkages within the chain

Although definition requires this process of disaggregation, the value chain is not a series of independent activities. It is a system of interdependent ones. Linkages exist because of the relationship between how one activity is performed and its impact on the cost or performance of another. Porter argues that competitive advantage frequently emerges from such linkages- for instance, how buying high quality, well prepared raw material can simplify manufacturing and reduce scrap, or how the timing of promotional campaigns can help capacity utilization in a fast food chain.
Linkages are delicate and needs to be understood. Porter points out that “the same function can be performed in different ways”. Thus conformance to specification can be achieved by buying in high quality parts, by specifying tight manufacturing tolerances or by imposing 100 percent inspection of finished goods- different firms will choose different routes and achieve different potential advantages. Another under-recognised factor is the “cost or performance of direct activities is improved by greater efforts in indirect activities.” Here, better scheduling (indirect) can reduce time spent by either the sales force (customer complaints) or delivery vehicle (repeated runs). It is this process of recognising linkages and then building information ...

Read More

Related Essays on The Value Chain

  • Achieving Consumers

    12323 words, 50 pages

    The current issue and full text archive of this journal is available at Achieving consumer focus in supply chains Keivan Zokaei and Peter Hines Cardiff Business School, Lean Enterprise Research Centre, Cardiff, UK Abstract Purpose – Supply chain performance is two-dimensional: ef?ciency and effectiveness. The purpose of this paper is to further de?ne and explore the demarcation between supply chain effectiveness and supply chain ef?ciency. Design/methodology/approach – A case-study research method is adopted in this paper. Thi

    View Document »

    Introduction To Supply Chain Management

    3635 words, 15 pages

    Supply chain management is fast developing in recent years. The meaning of the supply chain starting from production, distribution and sale to the last customer, this is not an isolated act, but closely interlinked. Supply chain management is concerned with all aspects of the supply chain for effective management. It involves a holistic approach, such as procurement, operations, transportation and warehousing management application functionality. For the author’s point view supply chain management is the ability to manage the goods flow to achieve the customer’s satisfaction. The goods flow i

    View Document »

    Supply Chain Management

    3930 words, 16 pages

    During the last three semesters, we got to learn the knowledge of Supply Chain Management minutely. Especially from these five books which I have to summarize and conclude later. The five books are as follows: Supply Chain Management: An introduction ………………………..2 Supply Chain Organizations: Structure and Function………………...5 Supply Chain Service Levels: Setting the Standards…………………6 Total Quality Management……………………………………………9 Legal Aspects of Commercial Transations……………………………10. Supply Chain Management: An introduction Introduction to Supply Chain Management Firstly, I t

    View Document »

    Supply Chain Management

    1781 words, 8 pages

    A supply chain encompasses all activities associated with the flow and transformation of goods and services from the raw materials stage to the end user or customer, as well as the associated information flows. Supply chains are the facilities, functions, and activities involved in producing and delivering a product or service from suppliers to customers. The supply chain not only includes the manufacturer and suppliers, but also transporters, warehouses, retailers, and customers themselves. Within each organization, such as manufacturer, the supply chain includes all functions involved i

    View Document »

    Process Simulation Environment For Case Studies

    4553 words, 19 pages

    ABSTRACT Using case studies helps learning and understanding complex issues in operations and supply chain management studies but preparing models for indepth exploration of case studies is time consuming and requires model-building skills. In order to address these issues, an environment for analyzing case studies is developed. The process-oriented approach is used as a basis for analyzing operations and supply chain management problems with emphasis on exploring relationships among different value chain processes such as manufacturing, logistics, marketing and finance. Process flow simulatio

    View Document »


    2951 words, 12 pages

    On ?nite saturated chains of overrings Noˆmen Jarbouia and Essebti Massaoudb o a King Faisal University, Faculty of Science, Department of Mathematics P. O. Box: 380, Al-Hassa 31982, Saudi Arabia. E-mail: [email protected] b Faculty of Science, Department of Mathematics P. O. Box: 1171, Sfax 3000, Tunisia. E-mail: essebti [email protected] Abstract. If a domain R, with quotient ?eld K, has a ?nite saturated chain of overrings from R to K, then the integral closure of R is a Pr¨fer domain. An integrally u closed domain R with quotient ?eld K has a ?nite

    View Document »

    Suply Chain Performance Literature Review

    1755 words, 8 pages

    Abstract Historically, the interest for supply chain management have risen since when companies, especially manufacturing companies understood that having better relationships inside and outside their companies could have great impacts in enhancing their performance in terms of time, quality, quantity produced and also in reducing costs production. However, it is only during this last decade that research in this discipline has really increased and that numerous models have come up to assess the supply chain performance. In this paper, we attempt to give a better understanding of the suppl

    View Document »

    Supply Chain Management In The Age Of Terrorism

    2824 words, 12 pages

    Abstract Multinational organizations with the potential for supply chains to extend all over the world face exceptional challenges in creating effective security plans and processes while maintaining efficiency. Research has focused on development of typologies and strategies aimed at creating comprehensive supply chain security systems. Approaches to security range from an emphasis on an integrated total quality management (TQM) strategy to security specific plans focused on relationships, inventory, information storage and security, and process and system maintenan

    View Document »

    Global Transport Systems And Intermodal Transport

    3496 words, 14 pages

    Global Transport Systems and Intermodal Transport (Assignment 2) Student: John Smith Student id: ######## Lecturer: John Doe Subject: International Transport Systems Course: Bachelor of Business (Marine Logistics Management) Due date: 4th October 2010 Word count: 2516 Abstract This paper looks at the assumed transport of coal from Australia to the USA and clothes from the USA to Australia. For both supply chains the factors effecting costs and efficiency are researched. For coal these factors include congestion in Australian ports, logistics manage

    View Document »

    The Role Of Information Technology

    6121 words, 25 pages

    in Transformation of the Personal Computer Industry Kenneth L. Kraemer and Jason Dedrick I. Introduction The computer industry rarely stands still, and the ability to respond to a changing environment is fundamental to survival. While change is normally incremental, more dramatic transformations have taken place on occasion as well, driven by new technologies such as the microprocessor, the personal computer and the Internet, by corporate strategies such as IBM’s decision to rely on outside suppliers for key components in its original PC, or by the success of new business models, suc

    View Document »

More Popular Essays

Research help is just moments away!