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Value chain management: developing a more valuable and certain future

McGuffog, Tom, Wadsley, Nick, Jordan, Peter, Clarke, Jeremy and Evans, Barry Kenneth Peter 2009. Value chain management: developing a more valuable and certain future. The Chartered Institute of Logistics and Transport (UK).

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Abstract

A value chain is the overall set of internal and external resources – human, physical, financial and informational – that require to be marshalled and managed in order to achieve the objectives of any organisation. The management focus is on optimising net added value for the end-user, and for all of the key participants in the chain, through defining and managing the entire value chain from beginning to end, by enhancing performance, speed, certainty, safety and security at a low total cost, and at understood and accepted levels of uncertainty and risk. This guide describes the processes of value chain management and says that it is vital that value chain management becomes a core component of all management education. Furthermore, all professional training needs a far greater emphasis on the ‘hard’ skills of managing internal and external resources in a disciplined way in order to deliver agreed, realistic results, rather than overemphasising soft skills that, however necessary, are insufficient to deliver cost-effective performance. The failure to understand and employ value chain management results in worse outcomes at greater cost than need be.

Item Type: Book
Book Type: Authored Book
Date Type: Publication
Status: Published
Schools: Business (Including Economics)
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
H Social Sciences > HE Transportation and Communications
Publisher: The Chartered Institute of Logistics and Transport (UK)
ISBN: 9781904564263
Last Modified: 04 Jun 2017 03:35
URI: http://orca-mwe.cf.ac.uk/id/eprint/23213

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