Managing a Value Chain Integration and Partnership

Question: Discuss about theManaging a Value Chain for Integration and Partnership. Answer: Introduction Value chain management is an analysis tool used to analyse business strategies for a unified integration and partnership of value chain constituents and resources (Bruhn George 2006). It involves the process of organizing an associated group of activities which includes producing goods and services from undone original materials for purchase by a consumer. It requires a full range of activities right from designing, production, marketing, and distribution, the primary objective of employing value chain management in business is to incorporate communication and enhance the relation between the members of production chain to reduce the time taken when delivering good, reduce inventories and finally upsurge customer satisfaction. The management of the value of the string in every company begins at raw materials used to make products plus everything needed before the products reach to the consumers. The main impact of the value chain to a company is it separates the companies' useful ac tivities which allow it engage into again competitive advantage from the uneconomical activities which obstruct the company from doing well in the market (Bruhn $ George 2006). The Managing of a value chain depends on the elementary economic principle of benefit. Firms get served by operating in sectors where at the end they will produce a productive advantage associated with their competitors. The Understanding of Managing the Value Chain Changed as through the Subject At the beginning of this question, I could not comprehend or even realize what consisted. However, as I progressed it became apparent to me that Managing a value chain consists of both primary and support activities (Bailey Francis 2013). The main activates involves all inbound logistics these include tasks like getting undone material and getting them processed. The outbound logistics which includes activities like delivering or distribution of the processed products to the sale point, marketing and auctions which involve selling, branding and promotion of products and the service which upholds the value and functionality of the product after the sale. Through the learning lessons, I certainly comprehend that support activates are all activities that feed into all the primary functions for instance MIS and give the managers a peaceful place to monitor the environment carefully, the Human Resource which erupts all the skills needed to keep the company going, source the products at the right price. The support activates vital, ensures the company benefits besides the pressing edges of the economic conditions and technology and at the end, the company can improve its speed accuracy and quality. Impact Created after Understanding the Importance of Managing the Value Chain After learning about and understanding it deeply managing a value chain impact was formed in my minds and the slight awareness I had earlier increased amazingly. I now started viewing it in a different way. The management of the value chain is essential to any operational efficiency. It can be employed to enhance the customer satisfaction, companies success and societal settings which involve medical missions, the operation of disaster relief plus any other kind of emergency cultural evolution and in general increase quality of life. Besides I now. They understand why many of the employers go for the employees with excellent skills and experience managing a value chain (Chyi Lee Yang 2013). The reason as to why I openly reveal this is because I didnt know a lot of thing concerning it. For example, I could not understand why companies would prefer hiring people with great knowledge as well as experience in managing the value chain than graduates. They prefer them since they would a b enefit to the organization. The biggest advantage which got to know through the discussions is that the value chain a very elastic strategy tool for incorporating into ones corporation, their competitors as well as all the respective dwellings in the value system of the organization. However, it can be used to analyze and create a healthy competition between cost and differentiation. It helps you to clearly understand the issues of the organization tangled in keeping the customer's value promise as well as their commitment.If you compare your business model with that of your competitors via the value chain analysis, it gives you a profound understanding of your sales strengths as well as the weaknesses. From the group discussions, it finally came to my knowledge that the value chain management has been the backbone of the business strategies teaching in schools for the last 20. The tool can adapt to every industry that exists such as manufacturing, retail or service either large or small. The last important thi ng that I got from the discussion is that value chain has advanced into the other model, the industry value chain that brings a profound understanding of a much competitive environment. Application of the Knowledge got from Managing a Value Chain. After completion of these subject, I will be able to apply all the knowledge I got in the workplace. For instance, I may be working in an organization; I will be organizing all the activities and engage in all healthy business competition (Dekker 2014). Besides I will be able to separate all the useful activates from the un- useful ones, and this would make the organization running smooth. Furthermore, I would ensure the company gains marginal value with all the product or service. I will make sure that the business's products are high to ensure the customers transact their services willingly since the return benefit will belong to the organization. Conclusion In conclusion, there are no other aspects I have reflected about the Managing a value chain; it is my perception that everything taught about it is amazing, adding some aspect may be obscuring. The Managing a value chain is critical, it enhances the relationship of a corporation activates and finally the organization benefit. Every business or enterprise should employ it. Otherwise, it will not be able to compete with other business which is using it and eventually may fail or remain stagnant for many years. References Bruhn, M. and George, D., 2006.Services marketing: Managing the service value chain. Pearson Education. Bailey, K. and Francis, M., 2013. 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