Chapter Name: Evaluate Key Influences for Improvement within Value Chain

Description:Focuses on identifying and evaluating the critical factors within the value chain that can be improved to enhance business efficiency.

Purpuse:To pinpoint areas where improvements can be made to optimize business operations and increase profitability.

Rational:Identifying and addressing key influences in the value chain helps improve overall operational efficiency, reducing costs and increasing business competitiveness.

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Chapter Assessment

Scope of Practical Skill

Key Requirement 1: Analyse the procurement management function

Review the procurement function within the company, identifying key factors that affect its efficiency and performance.

Key Requirement 2: Analyse the material management function to reflect its relationship with different aspects influencing value chain

Evaluate how the material management function interacts with procurement, logistics, production, and customer delivery within the value chain.

Key Requirement 3: Evaluate the criteria for the design of a strategic value network

Assess the criteria and considerations for designing a strategic network that enhances supply chain efficiency and meets business objectives.

Key Requirement 4: Recommend measures to address gaps identified

Provide recommendations for bridging gaps discovered in the material management function or value network design.

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Assessment Questions

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