as a company enterprise people are important so they recruit additional employee in connection with values supply-chain discuss the relevance of people to this two chain management to the enterprise
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Value chains help increase a business's efficiency so the business can deliver the most value for the least possible cost. The end goal of a value chain is to create a competitive advantage for a company by increasing productivity while keeping costs reasonable
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At its heart, value chain management is all about making it possible for products, information, and finances to flow, optimizing the processes in which they flow, and creating better value in the relationships between companies, as well as improving the overall efficiency of business.A value chain analysis is a process that helps organizations understand points in their value chain, as well as relationships between these different points. Conducting a value chain analysis helps a company identify factors that create or hinder cost efficiency in its business model.
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