A supply chain consists of series of activities in which a product or a material is simply transferred from a starting point to an end point, whereas in the value chain, instead of just transfering we add certain values to it.
Eg: Suppose a supply chain is as follows:
farmers- wholesaler-retailer-consumer.
If the apples just passes through the same channels with out any grading or sorting, then it's a supply chain.
However, if at any stage we add some values to the apples such as grading, sorting, packaging or cold storage, then this is called a value chain.
Value ChainThe series of departments that carry out value-creating activities to design, produce, market, deliver, and support a firm's products.Value Delivery NetworkThe network made up of the company, suppliers, distributors, and ultimately customers who "partner" with each other to improve the performance of the entire system.
Surplus value is the difference between the value that workers produce and what they are paid in wages.
A fixed currency is used in countries where the value of the money is closely tied to the value of gold, or the value of another country's currency. A floating currency is one that changes depending on the state of the market, i. e. supply and demand.
An increment is an increase in value, while a decrement is a decrease in value.
value chain analysis of coca cola company
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
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.
no different it's the same
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.
Supply chain is a system of organizations, people, technology, activities, information and resources involved in moving a product or service from http://www.answers.com/topic/vendor-supply-chain to http://www.answers.com/topic/customer. Supply chain activities transform natural resources, http://www.answers.com/topic/raw-material-1 and components into a finished product that is delivered to the end customer. In sophisticated supply chain systems, used products may re-enter the supply chain at any point where residual value is recyclable.Supply chain management (SCM) is a best-in-class, complete, open, integrated solution that powers information-driven supply chains. With Oracle SCM, companies can predict market requirements, innovate in response to volatile market conditions, and align operations across global networks.
All three topics are interrelated but distinct as well. Logistics and operations fall under the umbrella of supply chain management. Operations are related to the whole set of activities involved in creating value for the goods or services offered by the given business. Total Freight International - TFI provides the best platform to serve the dynamic business environment with its giant supply chain network that enables the timely delivery of the product or service at a minimal cost.
This inevitably adds service value to the current chain of supply
Value ChainThe series of departments that carry out value-creating activities to design, produce, market, deliver, and support a firm's products.Value Delivery NetworkThe network made up of the company, suppliers, distributors, and ultimately customers who "partner" with each other to improve the performance of the entire system.
The difference between the Actual Value & Earned Value is the Project Cost Variance
the DIFFERENCE between the place value and the face value is 991
As a general rule the longer the carbon chain the greater the Rf value.
value delivery network