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Value and Supply chains

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Ref: Greasley, A. (2013). Operations management (3rd ed.). Chichester;Hoboken, N.J;: Wiley.

Introduction to value chains. Types of processes. Simple definition of a value chain. The Economist explains: Value chain. The value chain was first developed as a business idea in the second chapter of “Competitive Advantage: Creating and Sustaining Superior Performance” by Michael Porter, first published in 1985.

The Economist explains: Value chain

In it he wrote: A systematic way of examining all the activities a firm performs and how they interact is necessary for analysing the sources of competitive advantage. In this chapter, I introduce the value chain as the basic tool for doing so. What is an MNE? What do we mean by value? Value chains diagram #1. Value chain example diagram. What is out-sourcing? What is value-chain integration? Examples of value chain integration. Off-shoring. Outsourcing.