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Supply chain /value chain




Web of trade relationships is referred as the supply chain or value chain (as each stage adds value to  the product before passing it on).     The products sold in shops and purchased for use in organizations are the result of a complex web relationships between the manufacturers, component suppliers, whole sellers, retailers and logistic infrastructure that links them together. Superimposed on this web of co-operating trading partners is s further layer of organizations that provide services such as the machinery used by the manufacturers, advertising for product and so on.


Understanding Value Chain and QCT Triangle

¢VC allows alignment of processes with customers.  This generates a quality advantage.

¢VC focuses cost management efforts.

¢VC provides for efficient processes which improves the timeliness of operations.
 
Note: 
Each stage in the supply chain adds value , the interface between

the stages require the exchange of information and e-technologies can
be utilized for may of these interfaces.
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