A consortium led by the French Association of Value Analysis and the Association of German Engineers explored,developed and articulated the value management approach for the European Union.The consortium first urges firms to:

Question

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The consortium recommends that firms adopt a customer-value philosophy and a set of action guidelines. This is in line with the value management approach, which is focused on delivering value to customers. The other options mentioned (focusing on business processes, adopting a supply management orientation approach, and incorporating a procurement orientation into all aspects of buying) are not directly related to the value management approach.

A Consortium Led by the French Association of Value Analysis