Value chain and supply chain are two (2) terms describing the same set of business functions.

Question

Quizplus · Accepted Answer

While there is some overlap between the two concepts, value chain refers specifically to the activities and processes that add value to a product or service, while supply chain refers to the network of organizations and activities involved in getting a product or service from the supplier to the customer. Different activities may be included in each chain, and they serve different purposes in the overall business strategy.

Value Chain and Supply Chain Are Two (2) Terms Describing