What Is Value Chain Management?
The concept of value chain management is to change operational management strategies and adjust the organization to a strategic position with effectiveness and efficiency to take advantage of every competitive opportunity that arises. In value chain management, the end customer holds power. They define what value is and how it is made and provided.
Value chain management
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- Chinese name
- Value chain management
- Value Chain
- all
- The concept of value chain management is to change operational management strategies and adjust the organization to a strategic position with effectiveness and efficiency to take advantage of every competitive opportunity that arises. In value chain management, the end customer holds power. They define what value is and how it is made and provided.
- Value chain: The value chain is the process from the raw material processing to the finished product reaching the end user. "All
- Improved customer service
- Cost savings: When an organization cuts off inefficient and non-value-added tasks in the value chain, the organization reduces costs in different jobs and areas.
- Improve delivery speed: When members of the value chain collaborate on sharing information and important activities, the speed of delivery increases.
- Decrease of inventory: A large amount of inventory including raw materials and finished products will cause a lot of costs. Through the close and careful cooperation of members in the value chain, the logistics speed in the channel will increase, which will reduce it.
- Improved logistics management
- Increased sales
- Increased market share