Difference between a Value chain and a Supply chain:

Value Chain Supply Chain
Value chain is defined as a set of interrelated activities that a company uses to create a competitive advantage. Supply chain is defined as the process of all parties who are involved in fulfilling a customer request.
Five steps or activities in value chain include inbound logistics, operations, outbound logistics, marketing and sales, and customer services. Steps in supply chain include creating a goods or services, manufacturing it, transporting it, and selling it...

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Chapter 2, Problem 14SAT

Chapter 2, Problem 2RQ

Students have asked these similar questions

Examine your location in a value chain. What exactly is the value chain's role in the economy? So tell me, what is it precisely that you do? What kinds of interactions do you have with other participants in the value chain? How is it determined whether or not the value chain is effective?

What are the supporting activities in the value chain?

What are the differences between supply chains for service firms and supply chains for manufacturing organizations?

Chapter 2 Solutions

PRINCIPLES OF INFO.SYS.(LL)>CUSTOM PKG<

Ch. 2.3 - Prob. 1DQ Ch. 2.3 - Prob. 2DQ Ch. 2.3 - Prob. 1CTQ Ch. 2.3 - Prob. 2CTQ Ch. 2.7 - Prob. 1DQ Ch. 2.7 - Prob. 2DQ Ch. 2.7 - Prob. 1CTQ Ch. 2.7 - Prob. 2CTQ Ch. 2 - Prob. 1SAT Ch. 2 - Prob. 2SAT

Ch. 2 - Prob. 3SAT Ch. 2 - Prob. 4SAT Ch. 2 - Prob. 5SAT Ch. 2 - Prob. 6SAT Ch. 2 - Prob. 7SAT Ch. 2 - Prob. 8SAT Ch. 2 - Prob. 9SAT Ch. 2 - Prob. 10SAT Ch. 2 - Prob. 11SAT Ch. 2 - Prob. 12SAT Ch. 2 - Prob. 13SAT Ch. 2 - _______________ is a process for testing skills...Ch. 2 - Prob. 1RQ Ch. 2 - Prob. 2RQ Ch. 2 - Prob. 3RQ Ch. 2 - Prob. 4RQ Ch. 2 - Prob. 5RQ Ch. 2 - Prob. 6RQ Ch. 2 - Prob. 7RQ Ch. 2 - Prob. 8RQ Ch. 2 - Prob. 9RQ Ch. 2 - Prob. 10RQ Ch. 2 - Prob. 11RQ Ch. 2 - Prob. 12RQ Ch. 2 - Prob. 13RQ Ch. 2 - Prob. 1DQ Ch. 2 - Prob. 3DQ Ch. 2 - Prob. 4DQ Ch. 2 - Prob. 6DQ Ch. 2 - Prob. 5DQ Ch. 2 - Prob. 7DQ Ch. 2 - Prob. 8DQ Ch. 2 - Prob. 9DQ Ch. 2 - Prob. 1PSE Ch. 2 - Prob. 1TA Ch. 2 - Prob. 2TA Ch. 2 - Prob. 1WE Ch. 2 - Prob. 2WE Ch. 2 - Prob. 1CE Ch. 2 - Prob. 2CE Ch. 2 - Prob. 1DQ1 Ch. 2 - Prob. 2DQ1 Ch. 2 - Prob. 1CTQ1 Ch. 2 - Prob. 2CTQ1 Ch. 2 - Prob. 1DQ2 Ch. 2 - Prob. 2DQ2 Ch. 2 - Prob. 1CTQ2 Ch. 2 - Prob. 2CTQ2

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Value Chain	Supply Chain
Value chain is defined as a set of interrelated activities that a company uses to create a competitive advantage.	Supply chain is defined as the process of all parties who are involved in fulfilling a customer request.
Five steps or activities in value chain include inbound logistics, operations, outbound logistics, marketing and sales, and customer services.	Steps in supply chain include creating a goods or services, manufacturing it, transporting it, and selling it...

Solution Summary: The author explains the difference between Value Chain and Supply Chain. A profitable value chain requires connections between what consumers demand and what a company produces.

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Chapter 2 Solutions