The Application of Value Chain Analysis in the...

THE APPLICATION OF VALUE CHAIN ANALYSIS IN THE MANUFACTURING COMPANIES: A SURVEY OF QUOTED MANUFACTURING FIRMS IN NIGERIA BY AZUBUIKE VERA M.U. DEPARTMENT OF BUSINESS ADMINISTRATION UNIVERSITY OF ABUJA e- mail _ veraiswaiting4u@yahoo.com ABSTRACT The United Nations International Trade Laws (The UNCITRAL Model) which replaced the old law of trade and tariff, emphasizes high quality goods, works and services, economy and efficiency, in order words, value for money. The aim of the paper is to check the level of application of the concept of value analysis by manufacturing companies in Nigeria, and the outcome of the application so far, by answering such question as: Are manufacturing companies in Nigeria fully aware of the concept of†¦show more content†¦According to him, the purchaser is thus brought to a study of the purpose or function for which the item is acquired. Value chain is the interlinked value adding activities that converts inputs into outputs which, in turn, add to the bottom line and help create competitive advantage. A value chain typically consists of (1) Inbound logistics (2) Manufacturing Operation, (3) Outbound distribution or logistics, (4) Marketing and Selling, and (5) After – Sale Servic e. These activities are supported by; (6) Purchasing or procurement, (7) Research and development, (8) Human resource development, and (9) Corporate infrastructure (Business Dictionary.Com 2009). Market value is the price at which willing buyers and sellers trade the assets (Rose et al 1996):24). In fact management’s job is to create a value for the firm that is higher than its cost. Coordinating the individual parts of the value chain together to work as a team creates the conditions to improve Customer Satisfaction particularly in terms of cost efficiency, quality and delivery (Drury 2008):15). According to Corey (1976), Value added is the amount contributed to the value of the product through theShow MoreRelatedImpact Of E Commerce On Global Economy1352 Words   |  6 Pagesreach and efficiency to improve market share and profitability. Management issues Electronic commerce (e-commerce) is often thought simply to refer to buying and selling using the Internet; people immediately think of consumer retail purchases from companies such as Amazon. But e-commerce involves much more than electronically mediated financial transactions between organizations and customers. E-commerce should be considered as all electronically mediated transactions between an organization and anyRead MoreAssessment of Value Stream Mapping Tools1047 Words   |  4 PagesAssessment of Value Stream Mapping Tools Introduction Value-stream mapping is the study of processes and systems required to bring a product or service from a provider to a manufacturer. 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