Explore BrainMass

Value chain and Inventory

This content was STOLEN from BrainMass.com - View the original, and get the already-completed solution here!

1. What are the six business functions of the value chain? List and give a short description of each.

2. What are the differences among manufacturing-, merchandising-, and service-sector companies?

3. List and describe the three types of inventory that companies have. Identify which type is held by which sector (i.e. manufacturing, merchandising, or service sectors).

© BrainMass Inc. brainmass.com October 24, 2018, 10:54 pm ad1c9bdddf

Solution Preview

1. What are the six business functions of the value chain? List and give a short description of each.

Value chain helps in identifying the core competencies of the organization. It helps in reducing the cost and improving the quality of the each of the activity in the value chain. It also helps in improving the focus where non value added activities are removed from the activities of the organization.

Six business functions of
R& D

This involves:

This involve the cost in researching new markets, products etc.

All the activities related to the product development and design will be considered.

It involves conversion of raw material into purchase

It involves matching the products with the needs of customer.

This includes channel decisions in order to make the goods available to the consumer

This is after sale service ...

Solution Summary

This explains the concept of value chain, inventory and business forms

See Also This Related BrainMass Solution

Inventory Management & Supply Chain

Determine the
- inventory turnover,
- how to increase turnover,
- what to focus on,
- weeks of supply of raw material on hand necessary,
- total cost of ownership analysis and
- selecting suppliers.
Please show all work and include formulas using the Excel spreadsheet I have uploaded.

View Full Posting Details