Principles of Information Systems (MindTap Course List)
Principles of Information Systems (MindTap Course List)
13th Edition
ISBN: 9781305971776
Author: Ralph Stair, George Reynolds
Publisher: Cengage Learning
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Chapter 2, Problem 1RQ

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Difference between a Value chain and a Supply chain:

Value ChainSupply 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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Principles of Information Systems (MindTap Course List)

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