What are the three stages of the value chain?
What are the three stages of the value chain? Three main steps can be distinguished in value chain analysis: (1) Identify the main functions and types of firms in the value chain; (2) Analyze structural connections; and (3) Analyze dynamics.
What are the three major elements of the value chain?
Components of a Value Chain
- Inbound logistics include functions like receiving, warehousing, and managing inventory.
- Operations include procedures for converting raw materials into a finished product.
- Outbound logistics include activities to distribute a final product to a consumer.