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Business Value Chain

oboloo Glossary

Business Value Chain

The Business Value Chain is a concept which encapsulates the different stages of process (value) that an organization goes through, from the purchase of raw materials to the delivery of its final product or service. It captures both the internal and external activities involved in creating value for customers. In essence, it’s about understanding all the elements in a business that contribute to delivering a successful outcome. This can include identifying the most effective suppliers, the most efficient processes, the best cost structure, and ensuring maximum customer satisfaction. By understanding and optimizing these elements, an organization can increase profits, decrease costs, and improve overall customer experience – all while measuring performance along the way. By utilizing the Business Value Chain, organizations can maximize their competitive edge and gain greater insight into how to succeed in today’s dynamic market.

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