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What is the Difference between value analysis and value chain analysis?
Wiki User
∙ 11y ago
no different it's the same
Wiki User
∙ 11y ago
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Necessity and objectives of SCM?
Objective of a Supply Chain • Maximize overall value created • Supply chain value: difference between what the final product is worth to the customer and the effort the supply chain expends in filling the customer's request • Value is correlated to supply chain profitability (difference between revenue generated from the customer and the overall cost across the supply chain) • Sources of supply chain revenue: the customer • Sources of supply chain cost: flows of information, products, or funds between stages of the supply chain • Supply chain management is the management of flows between and among supply chain stages to maximize total supply chain profitability
What is the Difference in supply chain and supply chain management?
Supply chain is the set of activities and resources that moves products from suppliers to customers. Supply chain management is the collaboration of firms to leverage strategic positioning and improve operating efficiency bringing value to customers.
What is the difference between a quality and a value?
Quality is how good and strong, and sturty and worthwhile it is, while Value is the performance of the product relative to its cost.
Diffenrences between supply management and supply chain management?
Supply management are the methods of modern corporate or institutional buying. Supply chain management is the management of the flow of goods, including raw materials, inventory and finished goods.
What is the difference between supply chain management and value chain management?
The ultimate goals are strikingly similar with a few different means to achieve similar ends. Supply chain management focuses on the ways a company obtains supplies needed in order to make and deliver a product or service to the customer maximizing both customer value and competitive edge with basic components using 5 elements- 1. plan, 2. source 3. make, 4. deliver, 5. return Value chain management focuses on integrating time and responsiveness with the goal of maximizing resources and minimizing waste with the goal of minimizing waste, particularly by using ideas such as "Just-In-Time". (sources-referencesforbusines.com&CIO.com) (Clear as mud, right?)
What is the Value chain analysis of coca cola?
value chain analysis of coca cola company
What is value chain analysis in management accounting?
Value chain analysis is the process to determine which process of production is increasing the value of product and which is not so that the product manufacturing cost can be reduced by eliminating that process from the production chain.
What is the difference between proximate and ultimate analysis?
practically there is no difference ..bt theoretically it has ...... ultimate analysis leads to the total summation while the proximate leads to the avg value .....
Necessity and objectives of SCM?
Objective of a Supply Chain • Maximize overall value created • Supply chain value: difference between what the final product is worth to the customer and the effort the supply chain expends in filling the customer's request • Value is correlated to supply chain profitability (difference between revenue generated from the customer and the overall cost across the supply chain) • Sources of supply chain revenue: the customer • Sources of supply chain cost: flows of information, products, or funds between stages of the supply chain • Supply chain management is the management of flows between and among supply chain stages to maximize total supply chain profitability
Distribution channel in asset management companies?
If you are doing Porter's value chain analysis on an asset management company (Porter 1983), the distribution channel will be integrative HR policies and the synergistic value chain linkages between functional deliverables and employee KPIs. This is because value chain analysis is best suited to manufacturing companies, rather than service organisations like asset management companies.
What can be gleaned from value chain analysis?
Value chain analysis examines a business unit and examines how products pass through the chain, in order from inbound logistics to service, market & sales and other elements. The information provided shows where in the chain products are slowed or altered from the intended design.
What is the relationship between value chain and competitor analysis?
A value chain of each competitor will certainly go ahead and help one understand the gaps which each competitor has in the respective chain. The company who is doing the profiling can then target these gaps as opportunity areas and build on its competitive advantage ..
Different between value analysis and value engineering?
There is no difference between value analysis and value engineering. Both are names applied to the same formal analytical process developed at General Electric in 1947 by Larry Miles. It was originally called value analysis, and has come to be called by several names as time has passed (value analysis, value engineering, value management, the value methodology). The term "Value Engineering" is also often mis-used to refer to any exercise to reduce cost. Don Stafford, VP-Education, SAVE International
What is value chain analysis?
The entire description can be found at:http://www.netmba.com/strategy/value-chain/ The APA reference for this site is: Net MBA, (2007). The value chain. Retrieved December 20, 2007, from Net MBA Web site: http://www.netmba.com/strategy/value-chain/
What includes support value activities and primary value activities and is used to determine how to create the greatest possible value for customers?
The value chain analysis
What is the significance of a value chain?
A value chain is the series of activities that a business performs in order to deliver a product or service to the marketplace. The value chain method is significant due to it being a powerful tool for analysis and strategic planning for the business model.
What is the difference between Value Management and Value Engineering?
Value analysis is "A Systematic and objective evaluation of the value of a goods or service, focusing on analysis of function relative to the cost of manufacturing or providing the items or service". value analysis provides insight into the inherent worth of final goods or service, possibly altering specifications and quality requirements that could reduce costs without impairing functional suitability. Value engineering is "Value analysis conducted at the design engineering stage of the product development process." In summary value analysis refers to the analysis of an existing product, service or administrative process while Value engineering refers to the same analysis applied to the product ,services or administrative processes that are under design and have not been finalised.
