Why is learning about the company's value chain so important in strategic management?© BrainMass Inc. brainmass.com October 24, 2018, 8:56 pm ad1c9bdddf
This concept is introduced by Michael Porter. The primary value chain activities are:
Inbound Logistics: the receipt of raw material and its issuance to the manufacturing
Operations: the processes of transforming inputs into finished products and services.
Outbound Logistics: the warehousing and distribution of finished goods.
Marketing & Sales: the identification of customer needs and the generation of sales.
Service: the support of customers after the products and services are sold to them.
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. ...
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Operations strategy and operational management
1) Why are companies interested in operational management today? Why is it important? What is the relationship between operational management and supply chain management? How are operations management functions performed at your organization?
2) What are the major priorities of operations strategy? How have these evolved over time? How are operations and manufacturing linked in an organization? Are operations management and project management used to give your organization a strategic competitive advantage? Why or why not?View Full Posting Details