“Supply chain” is not synonymous with “value chain”, because…
Value chains are concerned with what the market will pay for a good offered for sale
The main objectives of value chain management are to maximize gross revenue and sustain it over time.
Supply chains are concerned with what it costs and how long it takes to present the good for sale .
The main objectives of supply chain management are to reduce the number of links and to reduce friction (bottlenecks, costs incurred, time to market), but Need a good supply chain to build a value chain.
Value chains are concerned with what the market will pay for a good offered for sale
The main objectives of value chain management are to maximize gross revenue and sustain it over time.
Supply chains are concerned with what it costs and how long it takes to present the good for sale .
The main objectives of supply chain management are to reduce the number of links and to reduce friction (bottlenecks, costs incurred, time to market), but Need a good supply chain to build a value chain.
VALUE CHAIN: Creating value chain for fish and fishery products
01. Production (From: Farm or water bodies)02. Distribution (Transport and logistics)
03. Marketing (To: Final consumer)