Process of Supply and Value Chain Management Assignment

Process of Supply and Value Chain Management - Assignment Example As the study highlights  the value chain provides an effective way to understand the sources of the buyer value that determines the price, and why a product or a service is substituted by another company’s product. Thus, the strategies can be defined as an internal formation of activities that differentiates a firm from its rivals. In this report the benefits and the risks of undertaking the full implementation of a supply and value chain management to a multi-product manufacturing company will be explained. Furthermore, the examples of strategy implemented by Colgate Palmolive will be assessed. Thus, whether the implementation of supply and value chain management in an organisation will be profitable to the organisation or not will be recognised.  A supply chain concept includes different networked companies with the same objective, such as meeting buyer requirements. Furthermore, it is a mutual agreement between interdependent organisations to work together to improve, manage and control the flow of raw materials and information from the suppliers to the consumers.  The organisations should ensure that the supply chain is an error- free business network which is required to perform activities at all the levels of the production. Thus, it can be stated that the supply chain consists of interdependent organ isations of suppliers and business processes that are needed to be controlled effectively.  ... The prime goal of the company is to use the technologies to create products that will improve the lifestyle qualities of the consumers. Thesis Statement In this report the benefits and the risks of undertaking the full implementation of a supply and value chain management to a multi-product manufacturing company will be explained. Furthermore, the examples of strategy implemented by Colgate Palmolive will be assessed. Thus, whether the implementation of supply and value chain management in an organisation will be profitable to the organisation or not will be recognised. Process of Supply and Value Chain Management A supply chain concept includes different networked companies with the same objective, such as meeting buyer requirements. Furthermore, it is a mutual agreement between interdependent organisations to work together to improve, manage and control the flow of raw materials and information from the suppliers to the consumers. Additionally, it can also be defined as the network of business units that indulge from the initial stages, from procuring the raw materials to manufacturing it and then making the finished products available to the consumers through an effective distribution system. The organisations should ensure that the supply chain is an error- free business network which is required to perform activities at all the levels of the production. Thus, it can be stated that the supply chain consists of interdependent organisations of suppliers and business processes that are needed to be controlled effectively. Therefore, the member organisations are required to know how the materials and information flow all the way through the supply chain, from the initial supplier to the consumers (Vanharanta & Breite, â€Å"A Supply and Value Chain Management