Extended Value Chain
Extended Value Chain advocates to use the different knowledges even if the knowledges is not located inside your company
Suppliers focus on different parts of the lifecycle but use their knowledge broader
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Some focus on Production
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Some of them focus on Idea Development Production
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Some do all; Idea, Development, Production, Sale, Aftermarket and Production-
As mentioned above you tend to know different things depending on what you focus on (different needs in the own organisation)
The Extended Value Chain refers to the full range of activities and relationships — both inside and outside an organisation — that are involved in delivering a product or service from raw material to end customer and beyond (including recycling, reuse, or disposal).
The extended value chain can include:
Suppliers – provide materials or components
Manufacturers – produce the product
Distributors and logistics partners – transport and store products
Retailers or sales partners – sell the product
Customers – give feedback and influence improvements
Service partners – provide maintenance or support
An extended value chain helps companies:
- Improve efficiency
- Reduce costs
- Increase quality
- Respond faster to customer needs
- Create better collaboration with partners
How to Work with the Extended Value Chain
1.Map the Full Value Chain
2. Build Strategic Partnerships
3. Ensure Transparency & Communication
4. Align on Shared Goals
5. Drive Innovation Across the Chain
6. Strengthen Risk and Resilience Capabilities
7. Embed ESG and Sustainability
Benefits of an Extended Value Chain Approach
-Greater agility and responsiveness (Faster response to customer
needs)
-Better efficiency
-Improved quality
-More innovation
-Lower cost
-Stronger relationships
-Stronger brand reputation
-Enhanced customer satisfaction and loyalty (Better customer
satisfaction)
-Use all the knowledge, internal and external, of the company
Make sure that you involve suppliers to make use of their knowledge
Try not to break the Value Chain
Presentation of Extended Value Chain . The corresponding PPP is for sale.
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