search
Login | Signup | Support
  • 0

  • Value Chain

    Blog Pic The concept of value chain was first described by Michael Porter in one of his best selling novel entitled Competitive Advantage: Creating and Sustaining Superior Performance in the year 1985. Actually, a value chain may be defined as a chain of activities for a firm operating in a specific industry. It includes the process of transforming the raw material into processed products, transportation, warehousing, distribution etc. Factually, the products pass through several activities in order and gains certain value at each level.
     
    This categorizes all of the value adding activities of an organization. The primary activities of this process include inbound logistics, operations, outbound logistics, marketing, sales and service. This concept of adding value to a product or service has been exaggerated far beyond the individual firms and can also be applied to supply chain and distribution networks. This interconnected system can be termed as “value system.” A value system is consists of the value chains of a firm's suppliers, the firm itself, the distribution channels of the firm and its buyers.
     
    The value adding activities of a business organization consist of 6 business functions. These include
     
    Research and Development
    Design of Products and Services
    Production
    Marketing
    Sales
    Distribution
    Customer Service 
     
    Visit For More Information :- PPT Templates

     


    Share Blog Article :


    .........................................................................................................................
    Add Comments
    Name*
    E-mail*
    Comment*
    Verification Code*
    Verification




    Navigation

    Copyright © 2019 www.slideworld.com. All rights reserved.