Principles of Information Systems (MindTap Course List)
12th Edition
ISBN: 9781285867168
Author: Ralph Stair, George Reynolds
Publisher: Cengage Learning
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Expert Solution & Answer
Chapter 2, Problem 1RQ
Explanation of Solution
Difference between a Value chain and a Supply chain:
Value Chain | Supply Chain |
Value chain is defined as a set of interrelated activities that a company uses to create a competitive advantage. | Supply chain is defined as the process of all parties who are involved in fulfilling a customer request. |
Five steps or activities in value chain include inbound logistics, operations, outbound logistics, marketing and sales, and customer services. | Steps in supply chain include creating a goods or services, manufacturing it, transporting it, and selling it... |
Expert Solution & Answer
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Check out a sample textbook solutionStudents have asked these similar questions
Examine your location in a value chain. What exactly is the value chain's role in the
economy?
So tell me, what is it precisely that you do? What kinds of interactions do you have with
other participants in the value chain? How is it determined whether or not the value chain is
effective?
Take into consideration where you are in the value chain. What function does the value chain attempt to fulfill?Then, could you tell me what it is that you do? How do you work with the many different organizations in the supply chain? Could you elaborate on the metrics that are used to evaluate the performance of the value chain?
It is debatable what processes should be measured in a supply chain.
Chapter 2 Solutions
Principles of Information Systems (MindTap Course List)
Ch. 2.3 - Prob. 1DQCh. 2.3 - Prob. 2DQCh. 2.3 - Prob. 1CTQCh. 2.3 - Prob. 2CTQCh. 2.7 - Prob. 1DQCh. 2.7 - Prob. 2DQCh. 2.7 - Prob. 1CTQCh. 2.7 - Prob. 2CTQCh. 2 - Prob. 1SATCh. 2 - Prob. 2SAT
Ch. 2 - Prob. 3SATCh. 2 - Prob. 4SATCh. 2 - Prob. 5SATCh. 2 - Prob. 6SATCh. 2 - Prob. 7SATCh. 2 - Prob. 8SATCh. 2 - Prob. 9SATCh. 2 - Prob. 10SATCh. 2 - Prob. 11SATCh. 2 - Prob. 12SATCh. 2 - Prob. 13SATCh. 2 - _______________ is a process for testing skills...Ch. 2 - Prob. 1RQCh. 2 - Prob. 2RQCh. 2 - Prob. 3RQCh. 2 - Prob. 4RQCh. 2 - Prob. 5RQCh. 2 - Prob. 6RQCh. 2 - Prob. 7RQCh. 2 - Prob. 8RQCh. 2 - Prob. 9RQCh. 2 - Prob. 10RQCh. 2 - Prob. 11RQCh. 2 - Prob. 12RQCh. 2 - Prob. 13RQCh. 2 - Prob. 1DQCh. 2 - Prob. 3DQCh. 2 - Prob. 4DQCh. 2 - Prob. 6DQCh. 2 - Prob. 5DQCh. 2 - Prob. 7DQCh. 2 - Prob. 8DQCh. 2 - Prob. 9DQCh. 2 - Prob. 1PSECh. 2 - Prob. 1TACh. 2 - Prob. 2TACh. 2 - Prob. 1WECh. 2 - Prob. 2WECh. 2 - Prob. 1CECh. 2 - Prob. 2CECh. 2 - Prob. 1DQ1Ch. 2 - Prob. 2DQ1Ch. 2 - Prob. 1CTQ1Ch. 2 - Prob. 2CTQ1Ch. 2 - Prob. 1DQ2Ch. 2 - Prob. 2DQ2Ch. 2 - Prob. 1CTQ2Ch. 2 - Prob. 2CTQ2
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Similar questions
- Consider the actions that should be taken for the supply chain in relation to the main processes.arrow_forwardCould you please explain the measures of the supply chain in respect to the basic processes?arrow_forwardTake a look at where you fit in the value chain. Why do we need a value chain if everything is already so expensive?Exactly what is it that you do? If you were a link in the value chain, how would you communicate with the other links? Is there a way to measure the value chain's effectiveness?arrow_forward
- The Supply Chain Measures for the Core Processes in the Supply Chain are defined as follows:arrow_forwardConsider your position inside a value chain. What purpose does the value chain serve?What are your responsibilities? How do you interact with other members of the value chain? How is the efficiency of the value chain determined?arrow_forwardExamine your position in relation to a value chain. In what way does the value chain serve a purpose? So, what precisely do you do in this situation? What is your relationship with the other members of the value chain? What criteria are used to determine the efficiency of the value chain?arrow_forward
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