Value of chain management Management Essay Research (Essay Sample)
Within the Discussion Board area, write 200-300 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.
The line managers in the production department have heard a lot of good things about value chain management. They heard that you have done considerable research on this topic. They have come to your office today to discuss value chain management with you. Complete the following:
Summarize 3 examples of how value chain helps companies become more competitive. You are presenting these to the administrative team from the production department.
1. Discuss how value chain management helps companies create and build value for their clients and partnering organizations by answering the following questions:
A. How do you believe value chain management works?
B. How do you think value chain management can help companies be more competitive?
C. How do you think value chain management helps companies create and build value?
Be sure to include your required references, and format your submission in APA format.
Value of Chain Management
How Value Chain Management (VCM) Works
Value chain management works through the integration of all resources in an organization.VCM brings together logistics, labor materials, facilities, and labor into a situation that is time responsive and one that can be able to manage the capacity to maximize the financial resources and get to reduce waste.VCM works in that it can optimize the value for the customer of a customer (Bammann, 2019). It is also important to note that VCM helps in the optimization of resources that are far by integrating them with the available systems in an organization.
How Value Chain Helps Companies To Be Competitive
Improved flow of products to a customer. The faster products get to the end consumer makes a company efficient in what it offers to its clientele base, making it competitive. Good
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