How do most companies manage their value chain?

Question

Quizplus · Accepted Answer

Most companies manage their value chain by creating enterprise resource planning systems. These systems integrate all aspects of the value chain, from sourcing raw materials to delivering finished products to customers, and provide real-time data for decision-making and optimization. Activity-based costing, action plans, and total-quality management systems may be components of an effective value chain management strategy, but they are not as comprehensive as an ERP system.

How Do Most Companies Manage Their Value Chain