The value-chain theory is based on a firm's five primary activities and four support activities. Part 3: Components of a Value Chain Business management consultant Michael Porter introduced the value chain concept in his book, Competitive Advantage: Creating and Sustaining Superior Performance. Po...
It’s clear that value chain analysis increases profit margin, but the importance of VCA goes far beyond revenue alone. The VCA process is all about streamlining and alignment. When done right, it not only boosts profits, it also: Establishes better vendor management Reduces cost and delivery...
Strength and resilience across the entire value chain is no longer a nice-to-have—it’s a survival tactic for sourcing teams.
Company-wide KPIs focus on the overall business health and performance. These types of KPIs are useful for informing management of how operations stand in the company as a whole. However, they are often not granular enough to make decisions. Company-wide KPIs often kick off conversations on why...
Global SCM:The combination of global manufacturing with supply chain management, which must account for tariffs and local taxes as goods and services travel internationally to ultimately provide greater value at the end of the chain. SAP SCM:Systems, Applications, and Products (SAP) is a software...
Flatarchy, also known as a horizontal structure, is used among many startups. It flattens the hierarchy and chain of command as the name implies. It gives its employees a great deal of autonomy. Companies that use this type of structure have a high speed of implementation. ...
Functional resumes focus on the skills of the applicant rather than their work history. This format is useful when a candidate might lack directly relevant experience for the position they are applying for. For example, a recent graduate with a degree in supply chain management might opt for a...
Choose System > Terminal Configuration > Global Parameters > Access Management. On the Configure MAC Address-Prioritized Portal Authentication tab page, enable MAC address-prioritized Portal authentication, set Validity period of MAC ...
3. Automated inventory management. A small grocery chain uses AIto help determine the right time to shuffle dairy products and other perishable items on store shelves to minimize waste. A large supermarket in Europe, where people tend to shop during their lunch breaks, uses AI to help with mu...
9. Optimizing supply chain management Certain parts of supply chain managementcould particularly benefit from smart contracts and blockchain. Smart contracts could increase the traceability of products and materials andaddress environmental, social and governance goalsat the same time. For example, blockch...