value chain definition

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.

value chain is in the Advertising, Marketing, & Sales, Distribution & Logistics and Entrepreneurship, Management, & Leadership subjects.

value chain appears in the definitions of the following terms: supply chain, life cycle costing and value chain analysis

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