How do most companies manage their value chain?

Question

Quizplus · Accepted Answer

Most companies manage their value chain by creating enterprise resource planning systems, which integrate all functions and departments of a business into a single computer system to manage inventory, production, and customer orders. This allows companies to streamline their operations, reduce costs, and increase efficiency. Activity-based costing, action plans, and total quality management systems may also be used in conjunction with enterprise resource planning systems, but they are not the primary method of managing the value chain.

How Do Most Companies Manage Their Value Chain