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Examples of secondary activities?
Engineering, Manufacturing and Reproduction
What is a national business in the secondary sector?
A national business in the secondary sector would be a supply chain of stores. These may include large retail stores like Walmart.
What are the primary activity in value chain?
The primary value chain activities are: * Inbound Logistics: the receiving and warehousing of raw materials, and their distribution to manufacturing as they are required. * Operations: the processes of transforming inputs into finished products and services. * Outbound Logistics: the warehousing and distribution of finished goods. * Marketing & Sales: the identification of customer needs and the generation of sales. * Service: the support of customers after the products and services are sold to them.
What is the secondry industry?
Secondary industry, also known as manufacturing, involves converting raw materials and components into finished products. This sector includes various activities such as manufacturing, assembly and construction, and plays an important role in increasing the value of goods.
Difference between primary secondary and tertiary activities?
Primary activities include all those connected with extraction and production of natural resource .eg. fishing , agriculture.
What includes support value activities and primary value activities and is used to determine how to create the greatest possible value for customers?
The value chain analysis
What is meant by value chain?
Supply Chain Management encompasses the planning and management of all activities involved in sourcing, procurement, conversion, and logistics management activities
What is the significance of a value chain?
A value chain is the series of activities that a business performs in order to deliver a product or service to the marketplace. The value chain method is significant due to it being a powerful tool for analysis and strategic planning for the business model.
What is value chain on MIS?
In Management Information Systems (MIS), the value chain is a concept that describes the sequence of activities a company performs to deliver a valuable product or service to its customers. It includes primary activities (such as production, marketing, and sales) and support activities (like human resources and procurement) that contribute to a company’s competitive advantage. By understanding and optimizing the value chain, organizations can identify opportunities for efficiency improvements and cost reductions.
What are the firm and industry value chain for firm?
In the firm or industry have one particular Value chain model which have two activities primary and secondaryPrimary activities are:- Inbound logistics -> operation -> outbound logistics -> sales/marketing -> servicesSecondary activities are:- Infrastructure, human resource management information technology and ProcurementBy - Merajul husain
What is Porter's Value Chain?
Porter's Value Chain is a framework developed by Michael Porter that helps businesses analyze all of their activities and processes to identify sources of competitive advantage. It consists of primary activities (inbound logistics, operations, marketing and sales, service) and support activities (procurement, technology development, human resource management, firm infrastructure). By understanding these activities, businesses can optimize their operations and create value for customers.
When was Oklahoma Secondary School Activities Association created?
Oklahoma Secondary School Activities Association was created in 1910.
What is the motto of Oklahoma Secondary School Activities Association?
The motto of Oklahoma Secondary School Activities Association is 'Sportsmanship is everyone's responsibility'.
What is the Difference in supply chain and supply chain management?
Supply chain is the set of activities and resources that moves products from suppliers to customers. Supply chain management is the collaboration of firms to leverage strategic positioning and improve operating efficiency bringing value to customers.
What are the important relationships among dell's value chain activities?
Important relationships among Dell's value chain activities include integrating supply chain management with production processes to ensure timely delivery of components, coordinating marketing and sales efforts to meet customer demands, and aligning customer service activities with product quality to enhance overall customer satisfaction. Additionally, collaboration between research and development and manufacturing teams is crucial for product innovation and improvement.
What is a series of events or activities in an ecosystem called?
Chain.
What is meant by value chain and value systems analysis and how does the value chain concept apply to technology?
The term 'Value Chain' was used by Michael Porter in his book "Competitive Advantage: Creating and Sustaining superior Performance" (1985). The value chain analysis describes the activities the organization performs and links them to the organizations competitive position. Value chain analysis describes the activities within and around an organization, and relates them to an analysis of the competitive strength of the organization. Therefore, it evaluates which value each particular activity adds to the organizations products or services. This idea was built upon the insight that an organization is more than a random compilation of machinery, equipment, people and money. Only if these things are arranged into systems and systematic activates it will become possible to produce something for which customers are willing to pay a price. Porter argues that the ability to perform particular activities and to manage the linkages between these activities is a source of competitive advantage. Porter distinguishes between primary activities and support activities. Primary activities are directly concerned with the creation or delivery of a product or service. They can be grouped into five main areas: inbound logistics, operations, outbound logistics, marketing and sales, and service. Each of these primary activities is linked to support activities which help to improve their effectiveness or efficiency. There are four main areas of support activities: procurement, technology development (including R&D), human resource management, and infrastructure (systems for planning, finance, quality, information management etc.).
