Principles of Information Systems (MindTap Course List)
12th Edition
ISBN: 9781285867168
Author: Ralph Stair, George Reynolds
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Expert Solution & Answer
Chapter 2, Problem 1RQ
Explanation of Solution
Difference between a Value chain and a Supply chain:
Value Chain | Supply Chain |
Value chain is defined as a set of interrelated activities that a company uses to create a competitive advantage. | Supply chain is defined as the process of all parties who are involved in fulfilling a customer request. |
Five steps or activities in value chain include inbound logistics, operations, outbound logistics, marketing and sales, and customer services. | Steps in supply chain include creating a goods or services, manufacturing it, transporting it, and selling it... |
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
Compare and contrast the core and support activities of a value chain.
What are the differences between supply chains for service firms and supply chains for manufacturing organizations?
What is a supply chain? What is the purpose ofsupply chain management systems?
Chapter 2 Solutions
Principles of Information Systems (MindTap Course List)
Ch. 2.3 - Prob. 1DQCh. 2.3 - Prob. 2DQCh. 2.3 - Prob. 1CTQCh. 2.3 - Prob. 2CTQCh. 2.7 - Prob. 1DQCh. 2.7 - Prob. 2DQCh. 2.7 - Prob. 1CTQCh. 2.7 - Prob. 2CTQCh. 2 - Prob. 1SATCh. 2 - Prob. 2SAT
Ch. 2 - Prob. 3SATCh. 2 - Prob. 4SATCh. 2 - Prob. 5SATCh. 2 - Prob. 6SATCh. 2 - Prob. 7SATCh. 2 - Prob. 8SATCh. 2 - Prob. 9SATCh. 2 - Prob. 10SATCh. 2 - Prob. 11SATCh. 2 - Prob. 12SATCh. 2 - Prob. 13SATCh. 2 - _______________ is a process for testing skills...Ch. 2 - Prob. 1RQCh. 2 - Prob. 2RQCh. 2 - Prob. 3RQCh. 2 - Prob. 4RQCh. 2 - Prob. 5RQCh. 2 - Prob. 6RQCh. 2 - Prob. 7RQCh. 2 - Prob. 8RQCh. 2 - Prob. 9RQCh. 2 - Prob. 10RQCh. 2 - Prob. 11RQCh. 2 - Prob. 12RQCh. 2 - Prob. 13RQCh. 2 - Prob. 1DQCh. 2 - Prob. 3DQCh. 2 - Prob. 4DQCh. 2 - Prob. 6DQCh. 2 - Prob. 5DQCh. 2 - Prob. 7DQCh. 2 - Prob. 8DQCh. 2 - Prob. 9DQCh. 2 - Prob. 1PSECh. 2 - Prob. 1TACh. 2 - Prob. 2TACh. 2 - Prob. 1WECh. 2 - Prob. 2WECh. 2 - Prob. 1CECh. 2 - Prob. 2CECh. 2 - Prob. 1DQ1Ch. 2 - Prob. 2DQ1Ch. 2 - Prob. 1CTQ1Ch. 2 - Prob. 2CTQ1Ch. 2 - Prob. 1DQ2Ch. 2 - Prob. 2DQ2Ch. 2 - Prob. 1CTQ2Ch. 2 - Prob. 2CTQ2
Knowledge Booster
Similar questions
- Could you please explain how the supply chain metrics relate to the core processes?arrow_forwardWhat are Supply Chain Metrics for Key Supply Chain Processes?arrow_forwardConsider your position inside a value chain. What purpose does the value chain serve?What are your responsibilities? How do you interact with other members of the value chain? How is the efficiency of the value chain determined?arrow_forward
- What is the relationship between the core processes and the metrics used in the supply chain, and how are they measured?arrow_forwardThe Supply Chain Measures for the Core Processes in the Supply Chain are defined as follows:arrow_forwardWhat are the benefits of using supply chain management, customer relationship management, and transaction processing systems, and how do these systems function?arrow_forward
- What are the benefits of using systems for transaction processing, customer relationship management, and supply chain management, and how do these systems actually work?arrow_forwardDescribe how the supply chain metrics are related to the underlying operations.arrow_forwardIn what ways have operations and supply chain strategy been inextricably linked throughout time, and what are the fundamental goals of each?arrow_forward
arrow_back_ios
arrow_forward_ios
Recommended textbooks for you
- Fundamentals of Information SystemsComputer ScienceISBN:9781305082168Author:Ralph Stair, George ReynoldsPublisher:Cengage Learning
Fundamentals of Information Systems
Computer Science
ISBN:9781305082168
Author:Ralph Stair, George Reynolds
Publisher:Cengage Learning