Describe how the current supply chain concept differs from the broader contemporary value chain models presented in recent years. Give an example to illustrate the differences.
A value chain is a set of closely interrelated activities which all add value to the customer. These activities are connected to product design, procurement, production, and delivery to the customer. More than a single company is usually involved in a value chain.
Answer and Explanation:
The main difference between the concepts of the supply chain and the value chain is that focuses on the cost of designing, producing and delivering a...
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from Principles of Marketing: Help and ReviewChapter 2 / Lesson 9