Describe how the current supply chain concept differs from the broader contemporary value chain...

Question:

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.

Value Chain

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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What Is a Value Chain? - Definition, Analysis & Example

from Principles of Marketing: Help and Review

Chapter 2 / Lesson 9
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