'Value chain management' is externally oriented and focuses on both incoming materials and outgoing products and services.

Question

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Value chain management involves managing the entire chain of activities involved in delivering a product or service to customers, from inbound logistics to outbound logistics, marketing and sales, and customer service. It is externally oriented as it involves collaborating with suppliers and distributors to ensure timely and cost-efficient delivery of materials and products.

'Value Chain Management' Is Externally Oriented and Focuses on Both