List and describe the two interorganizational processes within a firm's industry value chain. How does ERP help manage these processes? How could businesses benefit from utilizing these systems?
Value Chain Processes
The value chain is a management concept that describes a complete chain of activities that occur during creating products and services within an organization. The value chain starts from the raw materials stage to delivery in the market and every activity in between.
Answer and Explanation:
The value chain concept consists of two processes that create efficiency in an organization. They include primary and secondary processes.
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fromChapter 2 / Lesson 9
Learn about value chains. Discover the steps of value chain analysis, study the benefits of value chain activities, and see examples of value chain activities.