Supply chain management
Free IMA CMA Part 1 (Financial Planning, Performance, and Analytics) lesson in Cost Management. 11 min read, ~1,702 words.
Value chain analysis maps primary activities (inbound logistics, operations, outbound logistics, marketing and sales, service) and support activities (firm infrastructure, HR, technology, procurement) to locate competitive advantage. Value-added activities are those the customer pays for; non-value-added activities (inspection, rework, storage, moving, waiting) are waste. The five steps are identify activities...
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What this lesson covers
- Content
- Example 1
- Example 2
- Common Mistakes
- Check Your Understanding
- Exam Shortcuts
Learning objectives
- 1D4
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