The
flow how the value chains are helpful is by explaining the challenge, value
chain thinking, value chain management, key success factors od the value chain
analysis.
The
challenges are economic, social and environmental factors.
The
basic principle of value chain thinking is extending line of sight into
suitable competitive advantage, making process more efficiently by recognizing
specific tasks in cross functional tasks. The supply chain model is adversarial
which affects the each company to each other in which information flow is very
weak and transactional.
But
whereas value chain model is power on shift with simple in principle transforming
supply chain vehicle into a smooth vehicle. It is managed by consumer of
product or service.
The
value chain helps to reduce the cost by removing the uncertainties, helps to
gain the competitive advantage faster by providing the common foot print.
Success factors:
Ø Impact
of smooth chains in operations helps in decision making
Ø Trust
is also one fundamental factor for success and then interdependence,
commitment.
Ø Identify
Change consumer behavior, change the attitudes and make them switch from their brand
Ø Consistent
delivery of product or service
Ø Effective
communication
Ø Identifying
what people want, need and they do
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