The line managers in the production department have heard a lot of good things about value chain management. They heard that you have done considerable research on this topic. They have come to your office today to discuss value chain management with you. Complete the following:Summarize 3 examples of how value chain helps companies become more competitive. You are presenting these to the administrative team from the production department.Discuss how value chain management helps companies create and build value for their clients and partnering organizations by answering the following questions:How do you believe value chain management works?How do you think value chain management can help companies be more competitive?How do you think value chain management helps companies create and build value?Be sure to include your references, and format your submission in APA format.200-300 for part 1Part 2This course uses a simulation (separate from Intellipath) to support student learning of operations management, with real world scenarios and issues. In units 2-4, you will be completing various ‘modules’ in the simulation and tasked with including content in your submitted work that reflects lessons learned while in the simulation. The following video will help you prepare a bit for what is to come.Watch this video explaining operations management.Discuss 2 items that caught your attention in the video. Write 100 words on Part II100 for part 2