(i) Define the term value-chain analysis: (ii) Describe the stages in the value chain of a manufacturing firm.

      

(i) Define the term value-chain analysis:
(ii) Describe the stages in the value chain of a manufacturing firm.

  

Answers


Martin
(i) Value-chain analysis is the linked set of value creating activities all the way from basic raw
materials sources for component suppliers through to the ultimate end user product or service
delivered to the customer. It is used to analyze, coordinate and optimize linkages in the value chain
(i.e. the sequence of business functions in which customer usefulness is added to products).

(ii) Stages in the value chain of a manufacturing firm
- Research and development (R&D)-Generating and experimenting with ideas related to new
products, services, or processes.
- Design of products and processes- Detailed planning, engineering, and testing of products
and processes. Some representations of the value chain collectively refer to the first two steps
as technology development.
- Production-procuring, transporting, and storing (called inbound logistics) coordinating and
assembling (called operations) resources to produce a product or deliver a service
- Marketing (including sales)-Promoting and selling products or services to
customers or prospective customers.
- Distribution-Processing orders and shipping products or services to customers (also called
outbound logistics). Distribution for Sony includes shipping to retail outlets, catalog vendors,
marto answered the question on February 26, 2019 at 08:48


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