value chain



Interlinked value-adding activities that convert inputs into outputs which, in turn, add to the bottom line and help create competitive advantage. A value chain typically consists of (1) inbound distribution or logistics, (2) manufacturing operations, (3) outbound distribution or logistics, (4) marketing and selling, and (5) after-sales service. These activities are supported by (6) purchasing or procurement, (7) research and development, (8) human resource development, (9) and corporate infrastructure.

Use value chain in a sentence

  • There was a highly sought managerial candidate that could keep the vital but failing value chain going for the company whose bottom line was beginning to suffer, thereby keeping overhead in check.

    21 people found this helpful
  • Knowing the value chain will help you set the correct price for your companies products or services to get the most profit.

    20 people found this helpful
  • Sometimes as a product progresses and times change it will end up going up the value chain making it worth more and more.

    19 people found this helpful
Show more usage examples...

Mentioned in these terms

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z