Inscrivez-vous ou connectez-vous pour rejoindre votre communauté professionnelle.
Both are models for performing bunisess but the value chain one is much more higher in terms of efficiency !
Value chain
The idea of the value chain is based on the process view of organizations, the idea of seeing a manufacturing (or service) organization as a system, made up of subsystems each with inputs, transformation processes and outputs. Inputs, transformation processes, and outputs involve the acquisition and consumption of resources - money, labour, materials, equipment, buildings, land, administration and management. How value chain activities are carried out determines costs and affects profits.
The value chain concept is nearly same same as that of the fourth principle (Process approach) of the eight total principles of quality management.
Principle4 - Process Approach : "A desired result is achieved more efficiently when related resources and activities are managed as a process."
Steps in application of this principle are ...
Value stream
Sequence of activities required to design, produce, and provide a specific good or service, and along which information, materials, and worth flows.
I agree with all.
Value chain is a high-level model of how businesses receive raw materials as input, add value to the raw materials through various processes, and sell finished products to customers. The value chain categorizes the generic value-adding activities of an organization
A value stream is an end-to-end collection of activities that creates a result for a "customer," who may be the ultimate customer or an internal "end user" of the value stream. The value stream has a clear goal: to satisfy (or, better, to delight) the customer.
I agree with Mr Vinod
Value Chain is a chain of activities performed by a company in a specific industry to deliver a valuable product or services to the market.
Value Stream is a sequence of activities required to design, produce and provide a specific product or service along with information, materials & work flow.