Mar 282016
 
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Value Chains

The concept of the value chain was introduced by Michael Porter in his text competitive strategy (Porter, 1995), in which he highlights the potential for different organisations within the chain and different functions within organisations to add value and thereby deliver competitive advantage. However, the term ‘value chain’ has yet to become cemented in the vocabulary of commercial businesses and government departments. Moreover, the academic literature on value chains and value chain management is distinctly limited, with a supply chain (operations management, procurement, logistics) orientation dominating the business management journals. In essence, the starting point on the journey to sustainable competitive advantage is the change in mindset that places the consumer first and everything else subordinate to their needs and wants.

Supply Chain Business Blogs

  • “If all you’re trying to do is essentially the same thing as your rivals, then it’s unlikely that you’ll be very successful.”  ~ Michael Porter
supply chain

supply chain

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