While supply chain management is efficiency oriented, value chain management is effectiveness oriented.

Question

Quizplus · Accepted Answer

Supply chain management focuses on maximizing efficiency and minimizing costs in the process of getting goods from suppliers to customers, while value chain management focuses on creating value for customers throughout the entire chain of activities that bring a product or service to the market. Therefore, value chain management is more effectiveness oriented.

While Supply Chain Management Is Efficiency Oriented, Value Chain Management