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What is meant by value in Supply chain management ? Explain briefly how value is created in SCM ?

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Question ajoutée par Mohammed Fathe Shaheem , Operation Executive , Arabian Construction Company
Date de publication: 2015/02/16
Tarek Galal Wassal
par Tarek Galal Wassal , Procurement Manager , Islamic Development Bank

It is created by maximizing the added values and eliminating or minimizing waste. 

Khurram Shaukat Memon
par Khurram Shaukat Memon , Academic Research Writer , Freelance Academic Research Writer

Value is the increase in quality / feature of product, by a particular company in S.C.M. example tyres supplied to Toyota by General tyres.

In S.C.M. value is created by more than one company working together on a single product / service.  example payment of utility bills through bank. If bank refuses to collect bills then customer will face problems.