Supply chain management
Free IMA CMA Part 1 (Financial Planning, Performance, and Analytics) lesson in Cost Management. 10 min read, ~1,560 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. BPR is radical redesign; continuous improvement...
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What this lesson covers
- Content
- Example 1
- Example 2
- Common Mistakes
- Key Takeaways
- Exam Shortcuts
Learning objectives
- 1D4
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