What is the difference between the supply chain and the value chain quizlet?
Furthermore, what is the difference between the supply chain and the value chain?
Difference Between Supply Chain and Value Chain. Supply Chain refers to the integration of all activities involved in the process of sourcing, procurement, conversion and logistics. Value Chain, on the other hand, is a set of activities that focuses on creating or adding value to the product.
Furthermore, what are the differences between a domestic and global value chain? A domestic value chain for example is farming and selling of fresh produce into local retail stores. An example of a global value chain is the textile and apparel industry. Designs are done by Brands in Western Countries while production is mainly in Southeast Asian countries and more recently in Africa.
Similarly, you may ask, what is a value chain quizlet?
Value Chain. the coordinated series of functional activities needed to transform resources into products and services customers want to buy. Consists of primary activities and secondary (or supporting) activities.
What is Value Chain Management?
value chain management. The process of organizing the connected group of activities that create value by producing goods or services from basic raw materials for purchase by a consumer. You should try to understand all points of the value chain management and see if you can use them to your businesses advantage.