Porter Value Chain

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Definition: Porter Value Chain

A value chain is a chain of activities for a firm operating in a specific industry. The product passes through each activity in the value chain and gains some value at each stage. It is a powerful tool for strategic planning.

Example: -

In Procurement there are different activities such as

  • Procurement of raw materials
  • Servicing
  • Spare parts
  • Machines

Por VC

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