Value Chain Management
The value chain management concept will help project leaders and its sponsors to develop long-lasting trusting relationships with suppliers. The concept reviews the main capabilities and pitfalls of the approach and highlights the main implementation steps.
Value Chain Management Definition
Value chain management (VCM) requires "examining processes (physical, financial and informational) and uncertainties (opportunities for improvement and risks to achievement) from beginning to end of the chain (or network) in an integrated manner in order to optimise overall value" (CIPS: Procurement’s role in the generation and capture of value in supply chains: 24).
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Value Chain Management References (4 of up to 20) *
- CIPS: Procurement’s role in the generation and capture of value in supply chains.
- Davis, T. (1993) Effective Supply Chain Management. Sloan Management Review, Summer, pp. 35-45.
- Drummond, G., Ensor, J. and Ashford, R. (2008) Strategic Maketing: Planning and Control. Butterworth-Heinemann: Oxford, UK.
- Fandel, G. and Stammen, M. (2004) A General Model for Extended Strategic Supply Chain Management with Emphasis on Product Life Cycles Including Development and Recycling. International Journal of Production Economics, Vol. 89(3), pp. 293-308.
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