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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.
What else can I help you with?
What is the difference between a supply chain and a value chain?
A supply chain focuses on the flow of goods, services, and information from suppliers to manufacturers to consumers, emphasizing logistics, inventory management, and the efficient delivery of products. In contrast, a value chain examines the series of activities within an organization that add value to products or services, including design, production, marketing, and customer service. While the supply chain is concerned with the overall network and processes involved in getting a product to market, the value chain highlights how each step contributes to competitive advantage and customer satisfaction. Both are essential for understanding the overall efficiency and effectiveness of a business.
Difference between a supply chain and a value delivery network?
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 what the workers produce and what they earn is surplus value?
Surplus value is the difference between the value that workers produce and what they are paid in wages.
What is the difference between a fixed currency and a floating currency?
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.
What is the difference between incrementation and decramentation?
An increment is an increase in value, while a decrement is a decrease in 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
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 value analysis and value chain analysis?
no different it's the same
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.
The difference between supply chain and supply chain management?
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.
What is the difference between supply chain, operations, and logistics?
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.
What are the benefits of reintermediation?
This inevitably adds service value to the current chain of supply
Difference between a supply chain and a value delivery network?
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.
What is the difference between the place value and face value of 9 in 309812?
the DIFFERENCE between the place value and the face value is 991
What the difference between actual value and earned value?
The difference between the Actual Value & Earned Value is the Project Cost Variance
What is the relationship between chain length and Rf value?
As a general rule the longer the carbon chain the greater the Rf value.
What is the difference between ethical value and value?
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