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Benefits of Value Chain Management

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A. What are some benefits of value chain management?
b. How do these benefits add value to various stakeholders?
c. How can these benefits be enhanced?

response is 371 words plus references

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Solution Summary

This solution outlines the benefits of value chain management to customers and stakeholders, and how these benefits can be enhanced.

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Hi:
Some of the benefits of value chain management are encouraging employees and suppliers to take initiative, through a shared vision, to work toward a common goal. This vision provides the direction, focus, motivation to guide the workers toward success. Value chain management encourages critical thought (how to solve problems/make decisions toward end) and enthusiasm (workers/suppliers are part of making a difference in the company). As a result the entire function of the company is evaluated, redundancies are eliminated, anomalies are identified, and problems are resolved. This process involves everyone at once so participants learn about the process and ...

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Sally Baldwin, Ed.D
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  • MSS, United States Sports Academy
  • Ed.D, Boise State University
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