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 12SAT

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?

Take into consideration where you are in the value chain. What function does the value chain attempt to fulfill?Then, could you tell me what it is that you do? How do you work with the many different organizations in the supply chain? Could you elaborate on the metrics that are used to evaluate the performance of the value chain?

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

Chapter 2 Solutions

Principles of Information Systems (MindTap Course List)

Ch. 2.1 - Prob. 1RQ Ch. 2.1 - Prob. 2RQ Ch. 2.1 - Prob. 1CTQ Ch. 2.1 - Prob. 2CTQ Ch. 2.2 - Prob. 1RQ Ch. 2.2 - Prob. 2RQ Ch. 2.2 - What questions about this assignment would you...Ch. 2.2 - What actions would you recommend to minimize...Ch. 2.3 - Prob. 1RQ Ch. 2.3 - Prob. 2RQ

Ch. 2.3 - You have been asked by the human resources...Ch. 2.3 - Prob. 2CTQ Ch. 2.4 - Prob. 1RQ Ch. 2.4 - Prob. 2RQ Ch. 2.4 - Prob. 1CTQ Ch. 2.4 - Prob. 2CTQ Ch. 2 - Prob. 1SAT Ch. 2 - Prob. 2SAT Ch. 2 - Prob. 3SAT Ch. 2 - Which of the following is not a true statement...Ch. 2 - Prob. 5SAT Ch. 2 - Prob. 6SAT Ch. 2 - of large information system projects fail, at...Ch. 2 - The three stages of Lewins change model include...Ch. 2 - The ____________ change model is helpful in...Ch. 2 - The Bureau of Labor Statistics forecasts an...Ch. 2 - Prob. 11SAT 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. 2DQ Ch. 2 - Prob. 3DQ Ch. 2 - Prob. 4DQ Ch. 2 - Prob. 5DQ Ch. 2 - Your manager has asked for your input on ideas for...Ch. 2 - Prob. 7DQ Ch. 2 - Prob. 8DQ Ch. 2 - Prob. 9DQ Ch. 2 - Prob. 10DQ Ch. 2 - Use graphics software to develop a force field...Ch. 2 - Do research to learn more about GEs Change...Ch. 2 - Prob. 1TA Ch. 2 - Prob. 2TA Ch. 2 - Prob. 3TA Ch. 2 - Prob. 1WE Ch. 2 - Prob. 2WE Ch. 2 - Prob. 3WE Ch. 2 - Prob. 1CE Ch. 2 - Prob. 2CE Ch. 2 - Prob. 3CE Ch. 2 - Prob. 1CTQ1 Ch. 2 - Prob. 2CTQ1 Ch. 2 - Prob. 3CTQ1 Ch. 2 - Prob. 1CTQ2 Ch. 2 - Prob. 2CTQ2 Ch. 2 - Prob. 3CTQ2

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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