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Value Chain

2x short discussions

I posted it all in a word document. Here are the 2 questions though.

Q1

Review the “Value Chain” section in Chapter 1 of the text. Now consider your present position (or past position) and draw a simple value chain to include both primary activities and support activities. Do you have any recommendations to make your value chain more efficient or effective?

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Q2

Review Table 2.1 “Comparisons of dependent and independent demand” in Chapter 2 of the text. Now consider your present organization (or past organization) and identify one of the demands that the organization utilizes. In 200-300 words, describe how your organization uses that demand methodology, and provide an additional demand methodology that you could recommend to your current or former organization.

Answer preview

A value chain consists of organizational activities that improve customer value. All the value chain activities fit in the process of creating a product. These activities are categorized under primary or support activities, which help companies to evaluate performance and look for opportunities. Supply managers have the duty to ensure that operations and the logistics of a company are efficient for the company to have maximum productivity (Afolayan, White, & Mason-Jones, 2016). In our company, we dealt with the manufacturing and distribution of goods to our customers. The following value chain diagram consists of the activities that I used in my position as a supply chain manager.(722words)