A value chain can be considered a "cradle-to-grave" model of the operations function.

Question

Quizplus · Accepted Answer

A value chain encompasses all activities involved in the creation and delivery of a product or service, from the acquisition of raw materials to the disposal of the product or service. This includes everything from design, production, distribution, and marketing, to end-of-life management and disposal. Therefore, it can be considered a "cradle-to-grave" model of the operations function.

A Value Chain Can Be Considered a "Cradle-To-Grave" Model of the Operations