Value chain management,
Definition of Value chain management:
The process of organizing the connected group of activities that create value by producing goods or services from basic raw materials for purchase by a consumer. The basic objectives of employing value chain management in a business is to integrate communication and increase cooperation between production chain members in order to decrease delivery times, reduce inventories and increase customer satisfaction.
How to use Value chain management in a sentence?
- The retailer began implementing a strategy of complete value chain management , going all the way back to the factories in China, now able to produce on demand, to the shipping channels and warehouse facilities, in order to manage supplies.
- In order to optimize the business strategy of our company, we have decided to hire some logistics professionals who will draw up a strategy for improved value chain management .
- You should try to understand all points of the value chain management and see if you can use them to your businesses advantage.
Meaning of Value chain management & Value chain management Definition