chain as your sales pipeline
Procurement: Purchases related to the acquisition of raw materials or fixed assets (e.g. supplier pricing and selection)Porter's model shows that the key to successful value chain analysis is identifying processes that could be performed more efficiently and implementing fixes in a timely manner. Value Chain Model: How to Create One Value chain model If you are looking to improve the efficiency of your business and add value to your products or services, consider creating a value chain model. Developing a valuechain model for your business is a repeated four-step process:Identify the sub-activities of each ofLebanon Phone Number Data your main activities. Identify the sub-activities of each of your secondary activities. Find connections between all activities. Discover opportunities to increase value or reduce costs. As with sales, your value chain is a cycle that you can evaluate at different points to ensure you reach maximum velocity . Each step has meaning and presents opportunities for improvement. If sales are your primary goal, think of the value
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chain as your sales pipeline . 1. Identify the sub-activities of each of your main activities According to Porter, there are three types of possible sub-activities for each of the five main activities:Direct activities Indirect activities Quality assurance activities Direct activities Direct activities are activities that create value on their own. Let’s take the example of inbound logistics activity. A direct activity could be contacting suppliers to obtain new raw materials. Indirect activities Indirect activities support direct activities and
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