Value Chain Management
Thank you for choosing me to explain the basic concepts of value chain management. First of all, I will define value chain management for you:
Value XXXXX management XX a strategy XXXX for XXXXXXXX the use XX XXXXXXXXX while XXXXXXXXXX XXX overall XXXXX of the XXXXXXX or service delivered. XXX value XX a XXXXXXXXXXX of combining two XXXX components: the value chain and the XXXXX system (XXXXXX, XXXX).
The value XXXXX is XXXX of XXXXXXX XXXXXXXXXX XXXX XXXXXXX logistics, XXXXXXXXXX, outbound logistics, XXXXXXXXX and sales XXXXXXX XXX XXXXXXX activities like human XXXXXXXXX, technology, XXXXXXXXXXX, XXX XXXXXXXXXXXXXX. XXX value system adds XX XXX value from the whole supply XXXXX: supplier, manufacturer, XXXXXXXXXX, XXXXXXXX, and XXXXX.
XXXXX XXXXX can XXXX a XXXXXXX become XXXX competitive XXX here XXX three XXXXXXXX from the XXXX XXXXXXXX XXXXXXXXXXX:
XX 1914, Ford XXXXX XXXXXXX XXX XXXXXXXXXXXXX 300.XXX cars XXXX XX.000 employees while XXX total XXXXXX of competitors XXXXXXX to XXXXXXXX 280.000 cars with 66.350 XXXXXXXXX (XXXX, XXXX). XXX XXXXXXXXX had the XXXX raw XXXXXXXX XXXXX: XXXXX, wood, rubber XXX XXXXX XXX Ford XXX the XXXX XXXXXXX XXXXXXXXXXXX in all the industry. It manufactured and XXXX XXXX 55% XX the XXXX sold XX the XXXXXX, XXXX XXXX than 1/3 employees/XXX. XXXX implemented a XXXXX chain XXXXXXXXXX by generating more output with XXX same XXXX XXXXXX XXXX XXX XXXX of XXX XXXXXXXX line.McDonald’s has a XXXXX XXXXXXX model XXX XXXX XXXXXXXX in all XXX restaurants. This allows the XXXXXXX XX XXXXXXXX XXXXX income for the shareholders XX XXXXXXX XXXXXX XXXX its competitors. XXX XXXXXXXX XXXX make XXXX clients spend XXXX XXXX in the restaurants, consuming more products.XXXXXXXXX XXXXXXXXX selects all XXXXXX XXXXXXXXX, XXXXXXX XXX the XXXX XXXXXX beans on XXX market. As a XXXXXXXXXXX, XXXXXXXXX XXXXXXXXX will XXXXXXXXXX a XXX quality XXXXXX XXX they XXXX XX willing XX pay the premium XXX it.
Value chain management XXXXX by using XXXXXXXXX in an XXXXXXXXX XXXXXX while selecting the best business partners. XXX XXXXXXXX/most XXXXXXXXX raw XXXXXXXX XXX not XX XXX XXXX XXX companies XXXXXXXX XX value chain management know XXXX. XXXXX chain XXXXXXXXXX XXXXX companies XX XXXX competitive by XXXXXXXXXXX them to listen to XXXX customers want XXX XXXX their XXXXXXXXXXXX while staying profitable. For example, XXXX XXX customers XXXXX XXXX a fast, reliable and fuel efficient XXX. Car XXXXXXXXXXXXX XXXX XXXX XXX they invest in XXXXXXX XXXXXXXXXX XXX XXXXXXXX this goal XXXXXX XXX XXXXXX than the competition. They invest in research and development XXX improving the current models. They hire XXX XXXX XXXXXXXXX XX design and XXXXXXXX XXXX while XXXX keep an XXX XX XXXXXXXXX the XXXX XXX materials. Value XXXXX management XXXXX XXXXXXXXX build XXXXX XX XXXXXX them more XXXXXXXXX in XXXXX the resources and XXX-XXXXXX in XXXXXXXXXXXX what XXXXXXXXX expect. XXXXX XXXXX management XXXX XXXX a XXXXXXX encourage creativity and XXXXXXXXXX. XXXXXXX XXX XXXXXXXXX scenario. You own a XXXXX XXX, selling beer. You XXXXXX XXX beer XXXX a warehouse for $1. XXX want to XXXX it for $X but you don’t own a XXXXXX or XXXXXXX XXXXXX. XXXX XXXXXXXXXXX sells XXX same XXXX, cold as XXX, for $2.2. XXXXX do you XXXXX XXX XXXXXXXXX XXXX go XX buy a XXXX from? XXX XXXXXXXXX know that the beer XXXXX $1 at the XXXXXXXXX. Your XXXXX XX proximity. XXXX XXXXXXXXXX’s XXXXX XX proximity XXX a better XXX to serve it. In XXXX XXXXXXX, your competitor is making a XXXXXX XXXXX chain management, XXXX XX you are cheaper.
XXXXXXXXX:
Ford XXXXX XXXXXXX, 2012, Media XXXX, Model T XXXXX, XXXXXXXXX XXXX media.XXXX.com/XXXXXXX/XXXXXXXXX/XXX/us/XX/XXXX/XXXX/08/05/model-t-XXXXX.html
XXXXXX, M. X., & Millar, X. X. (1985).How XXXXXXXXXXX gives you competitive advantage,Harvard Business XXXXXX, XXXX-XXXXXX XXXX, No 85415
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