CH5 Flashcards
what is the value chain
that the broad concept that spans all activities involved in designing producing marketing delivering and supporting any product
what is supply chain
which include activities across multiple activites include all activities to turn the rthaw material into goods or services
who the professor that proposed the value chain
michael porter
delivering value to the customer is of primary importance true or false
true
how the firm deliver the value
by coordinating a range of activities that result in providing product or service to the customer
what the content of value chain
inbound logistics
operations
outbound logistics
what is the four support activities
procurement
technology development
human resource mangement
firm infstructure
what is inbound logistics
`the company recives materials it nees to manufacture its products
what is the operations activites
trensform the materials into final product form
what is the outbound logistics activities
ship the product out to customer
what is service activites enhance or maintain the value of the product
installation or repair the product
the supply chain mangement
is the mangment of flows among the firms in supply chain to maximize total profitability q
what is the difference between the supply chain and the channels of distribution
the supply chain is broader
the channel of distribution is the part of the supply chain that deliver the product to the customer
what is the way of distribution
breaking the bulk
channel intermediaries
what is breaking the bulk
whole selers and retailers purcahse large quantities of goods from manufacture but sell only one or a few at time to many different customers