The Function of Value Chain Model is to increase the value of a product or service, Value chain activities throughout the product or services lifecycle such as determination of customer needs, production, distribution, marketing, and after-sales services. In Marketing, either it is domestic or Export Marketing in the case of exporting.
What is the Value Chain?
Value Chain is a process of connecting stakeholders for working together to fulfill the market needs, for specific products or services is called a value chain.
What is Value Stream?
A Value Stream is a sequence of activities required to design, produce, and deliver goods or services to the market. It may be controlled by a single business or by a network of several businesses for a product.
What is Value Stream Mapping?
Value Stream Mapping is a two-steps process, first, you have to draw the value stream map or flow of the map, your current supply chain and then you draw an improved and second, most effective flow for your product or services.
What is Porter’s Value -Chain?
Porter’s value- chain focuses on system and how inputs are changed into an output using the viewpoint described a chain of activities that are common to all businesses, and are further divided into two types of activities.
- Primary Activities
- Support Activities
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