article thumbnail

Value Chain vs. Supply Chain: Key Distinctions

Arpedio

When it comes to business operations, the terms “value chain” and “supply chain” are often used interchangeably. In essence, the value chain is the process by which businesses create and deliver value to their customers.

article thumbnail

How We Can Align our Corporate Strategy and Supply Chain Strategy

Flevy

Most organizations struggle to find a true strategic fit between their Corporate Strategies and their Supply Chain Strategies. For most organizations, they operate within a highly complex and globally interconnected Supply Chain. Marketing, Sales, Engineering, Manufacturing, and Procurement.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

The Kraljic Matrix

Flevy

The procurement function in most organizations deserves more attention than it gets. Most executives associated with procurement lack the competencies and perspectives required to identify gaps and effectively manage the function. The aim of the Kraljic Matrix is to inform an organization’s Procurement Strategy.

article thumbnail

Aerospace and Defense Industry Value Chain: Deep Dive

Flevy

Organizations must navigate challenges such as regulatory compliance, technological advancements, and global supply chain dynamics to remain competitive. This comprehensive approach ensures organizations can meet the evolving demands of the industry while maintaining compliance and competitiveness.

article thumbnail

Chemicals Industry Value Chain: Deep Dive

Flevy

Effective value chain management enhances operational efficiency, reduces costs, and improves product quality, thereby creating significant value for customers and stakeholders. Navigating challenges, such as supply chain disruptions and environmental regulations, necessitates a strategic approach to value chain management.

article thumbnail

What is Enterprise Resource Planning (ERP)

Apptivo

ERP, or Enterprise Resource Planning , is a type of system or software used by organizations to manage processes and automate activities such as accounting, project management, risk management, compliance. An ERP system enables an organization’s daily business operations to run smoothly and efficiently. Who uses an ERP system.

article thumbnail

Re-framing Procurement Negotiations: From Buying and Selling to Decision Making

5600 Blue

Over ten years ago, after having spent more than 20 years a salesperson, VP sales and sales consultant, we secured our first contract to provide negotiation training for the procurement arm of a major US airline. By Procurement Magazine Let the panic set in….clearly I felt like the proverbial fox in the hen house!