value-and-supply-chain-in-relation-to-the-business-enterprise-231225075309-2592e592.pptx

entrepreneurship 12

1. Value and supply chain in relation to the business enterprise

2. supplier They are your business partners, without them your business will not live. You need them as much as you need your customers to be satisfied

3. Value chain Value Chain - is a set of activities that firm operates and perform in a specific industry in order to deliver a valuable product for the market.

4. Michael Porter the founder of the modern strategy and one of the worlds most influential thinkers on management and competitiveness.

5. Supply chain is the network of all the individuals, organizations, resources, activities and technology involved in the creation and sale of a product.

6. VALUE CHAIN CONCEPT 1. Inbound logistics –receiving, warehousing and inventory control. (where raw materials are handled) 2. Operations – value creating activities that transform inputs (raw materials) into products such as assembling and manufacturing. (machining, assembling, testing products) 5 Primary Activities

7. 3. Outbound logistics – these are the activities required to get a finished products to a customers (this includes warehousing, inventory management, order fulfillment and shipping). Warehousing and distributing of finished products. 4. Marketing and sales – these are the activities associated with influencing a buyer to purchase a product. (advertising, promoting, pricing and channel relation) 5. Service – these are the activities that maintain and enhance a products value such as customers support and warranty.

8. Supply Chain

9. Activity : Select or pinpoint potential suppliers List down the supplies, materials or ingredients needed to make your products or to provide services to your customers. You will realize they are not always within your reach. You may need to source them outside your school or home. List down all the materials or ingredients( in case of a food-related kind of business) or supplies( in case of a service type of business) that you would need for your business. The list should also include the quantity of each material, ingredient or supply as well as its price and supplier.

10. Ingredients/ Materials/ Supplies Quantity( expressed in terms number of pieces, weight, length, etc ) Price Supplier

11. Activity : Describe your value or supply chain A supply chain is the process of all parties involved in fulfilling a customer request while a value chain is a set of interrelated activities a business uses to create a competitive advantage.