Sourcing and Procurement – negotiating, and finding suppliers to get the resources needed in your company. Production Planning and Scheduling – Order Processing – Inventory Control – or stock control; the process in which you ensure the availability of your supply. You are going to control and balance the demand and supply parameters. Storage and Materials Handling – Transportation – how are you going to deliver your product or supplies to your customers, through van, motor, truck, ship, airplane.
Value-Chain – was developed by Michael Porter
Michael Porter’s Value Chain – it has been used for nearly 30 years, this is used to test and examine all the activities involved in creating value for its consumers.
Elements in Michael Porter’s Value Chain
Primary Activites Inbound logistics – these are activities in which a good or material is brought into the company. Operations – activity in which you transform the inputs to outputs Outbound logistics – these are activities in which you are delivering goods to the consumer or end user. Marketing and Sales – these are activities in order to promote your product, you are engaging and persuading customers to buy your product Service – this includes customer service and product support.
Support Activities Procurement – Human Resource Management – Technological Development – Infrastructure -
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