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What’s the difference between a supply chain and a value chain?

April 26, 2017chain supply value

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What’s the difference between a supply chain and a value chain?

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The supply chain focuses on getting source materials into manufacturing operation smoothly and economically. The value chain looks at every step in the supply chain management process – from source materials to delivery of the final product to the customer. The objective of the value chain is maximum value (to the customer) at the least possible cost (to the business).