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Posted By on 12/02/2017 in Category 1

Difference between Value chain and Supply chain

Difference between Value chain and Supply chain

Difference between Value chain and Supply chain


S.NValue ChainSupply Chain
1It is the combination of generic value-added activities like milling, waxing, chilling etc. that work together to provide value to the consumer.Supply chain is a system of organizations, people, activities, and resources involved in moving a product or service from supplier to customer.
2Value Chain is a set of activities that focus on creating or adding value to the product.Supply Chain is the interconnection of all the functions that start from the manufacturing of raw material into the finished product and ends when the product reaches the final customer.
3.Value chain focus on series of business operations in which utility is added to the goods and services offered by the firm so as to enhance customer value.Supply Chain refers to the integration of all activities involved in the process of sourcing, procurement, conversion, and logistics.
4Concept of a value chain is developed from business management.Concept of a supply chain is developed from operation management.
5Value chain is related to value addition and processing.While supply chain is related to conveyance and marketing
6Value chain is sequenced from customer request to a product.But supply chain is sequenced from product request to a customer.
7Main objective of a value chain is gaining competitive advantageMain objective of a supply chain is customer satisfaction.
8Effective value chain aims to generate profit.Effective supply chain aims to provide product and service at a reasonable price by reducing the cost.
9It searches innovation in production and processing.It searches innovation in marketing.
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