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About The General Principles of Value Chain Management
The document discusses the principles of value chain management and how electronic commerce can impact supply chains. It makes the following key points: 1. Value chain management aims to maximize value added at each stage while minimizing costs and waste. Specialization increases productivity but can lead to inefficiencies between isolated departments or organizations. 2. Uncertainty grows as demand and supply information passes between different parts of the supply chain. Lack of shared data and objectives results in suboptimal customer service, excess inventory and costs. 3. Electronic commerce and collaborative planning over the internet can reduce uncertainty in supply chains by facilitating shared data and synchronized processes. Standardizing communications and data definitions supports efficient value chain management globally.
Detailed Information
| Author: | ['Aamir Khan Swati'] |
|---|---|
| Publication Year: | 2015 |
| Pages: | 8 |
| Language: | English |
| Format: | |
| Price: | FREE |
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