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Assessing the Support Activities in the Value Chain

King Washington Assessing the Support Activities in the Value Chain

Name: King Washington Assessing the Support Activities in the Value Chain
Brand: US Legal Forms
Rating: 4.6 (221 reviews)

Category:

Small Business - Sales and Marketing

State:

Multi-State

County:

King

Control #:

US-03016BG

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Instant download

Description

The value chain is a concept from business management. A value chain is a chain of activities for a firm operating in a specific industry. The business unit is the appropriate level for construction of a value chain, not the divisional level or corporate level. Products pass through all activities of the chain in order, and at each activity the product gains some value. The chain of activities gives the products more added value than the sum of added values of all activities.

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Sales and service would be examples of supporting activities in Porter's value chain model. Accounting functions like accounts receivables would be an example of a supporting activity in Porter's value chain model.

Supporting activities are those actions taken by a nonprofit organization other than program services. Supporting activities typically include fundraising activities, management and general activities, and membership development activities.

The activities associated with this part of the value chain are providing service to enhance or maintain the value of the product after it has been sold and delivered. Examples: installation, repair, training, parts supply and product adjustment.

The value chain framework is made up of five primary activities -- inbound operations, operations, outbound logistics, marketing and sales, service -- and four secondary activities -- procurement and purchasing, human resource management, technological development and company infrastructure.

The term value chain refers to the various business activities and processes involved in creating a product or performing a service. A value chain can consist of multiple stages of a product or service's lifecycle, including research and development, sales, and everything in between.

Using the tool Identify the firm's primary and support activities. Establish the relative importance of each activity in the total cost of the product. Identify cost drivers for each activity. Identify links between activities. Identify opportunities for reducing costs. Identify the customers' value-creating activities.

Support activities are illustrated in a vertical column over all of the primary activities. These are procurement, human resources, technology development, and firm infrastructure. The generic value chain model visually represents all activities with equal weight.

The primary activities of the value chain include inbound logistics, operation outbound logistics, marketing and sales, and service. Secondary activities or the support activities include firm infrastructure, human resources management, and procurement.

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Using this viewpoint, Porter described a chain of activities common to all businesses, and he divided them into primary and support activities, as shown below. (RSI) is the independent supply chain management and distribution cooperative for the BURGER KING® system.A company's value chain identifies the primary activities that create customer value and related support activities. As show in figure 4. Template to analyze the value chain in a manufacturer. The entire value chain e.g. Operations, upstream, downstream. 6 To Onshore or Offshore: Evaluation of Global Supply Chain. This is an example of Select one: a. Analyzing support activities. b.

King Washington Assessing the Support Activities in the Value Chain

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Is an example of a support activity in value chain model?

What are supporting activities?

What is value chain activities with examples?

What are the four support activities to a value chain?

What is a value chain activity?

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What are the 4 support activities in a value chain?

What are the support activities of the value chain?

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What are support activities in the value chain?

Why is assessing support activities important?

Which support activities are typically evaluated in the value chain?

What role does procurement play in the value chain?

Why is technology development important in the value chain?

What is the significance of human resource management in the value chain?

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