Shruti Speak's

Lets Understand the benefit of Value Chain ¢   Identifing  value processes ¢   Finding areas for cost improvement Primary activities of    any product processes can be summarized as follows: ¢   Inbound Logistics: Handling goods that are bought into the company, storing them and making them available to operations as required. ¢   Operations: The production process, in many cases a series of sub-activities that can be represented on a detailed value chain analysis ¢   Outbound logistics: Taking the products of the company, storing them if necessary and distributing them to the customers in a timely manner. ¢   Marketing and Sales: Finding out the requirements of the potential customers and letting them know the product and services that can he offered. ¢   Services: Any requirement for installation or advice before delivery and then after-sales service once the transaction is completed. To support these primary functions there will be a company infrastr

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 informa