Description
rimary Discussion Response is due by Friday (11:59:59pm Central).
Part 1
Within the Discussion Board area, write 200-300 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.
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.
Part 2
This 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 II
Responses to Other Students: Respond to at least 2 of your fellow classmates with at least a 100-word reply about their Primary Task Response regarding items you found to be compelling and enlightening. To help you with your discussion, please consider the following questions:
- What did you learn from your classmate's posting?
- What additional questions do you have after reading the posting?
- What clarification do you need regarding the posting?
- What differences or similarities do you see between your posting and other classmates' postings?
For assistance with your assignment, please use your text, Web resources, and all course materials.
Reference
McGraw-Hill Irwin. (2005). What is operations management? [Video file]. Retrieved from http://www.viddler.com/embed/7042139e/?f=1&player=...
Explanation & Answer
Attached.
Value Chain Management
I.
II.
How Value Chain Helps Companies Become More Competitive
Value Chain Management Works
III.
Benefits if Value Chain Management
IV.
VCM in creating value
V.
Operation management
Running head: VALUE CHAIN MANAGEMENT
Value Chain Management
Student’s Name
Institutional Affiliation
1
VALUE CHAIN MANAGEMENT
2
Value Chain Management
Part I
3 Examples of How Value Chain Helps Companies Become More Competitive
An organization’s value chain enables it to create a competitive benefit over its rivals.
The value chain is comprised of five interconnected activities which allow an enterprise to create
value that surpasses the cost of providing products and services (Antoniou, Levitt, & Schreihans,
2012). The activities include marketing, inbound and outbound logistics, operations, and sales
and services. Undoubtedly, maintaining the status quo is inadequate for an organization to be
competitive, and thus, it is vital for corporations to continually re-assess their competitive edge;
hence, increasing the chance to adapt in the rapidly changing market.
One way value chain succors an organization becomes more competitive is through its
operations. Developing new products that meet customer expectations helps in increasing a...
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