requirements for successful value chain management (6)
1. Coordination and collaboration:a. Comprehensive and seamless integration among all members of the chain is absolutely needed.b. All partners in the value chain must identify things that they may not value but customer doc. Sharing information and being flexible à it requires open communication among the various value chain partners2. Technology investmenta. It is needed to have a successful value chainb. ERP system that links all organizations activities together is very important3. Organizational Processesa. Organizational process: The way organizational work is doneb. Critical evaluation of these processesc. Forecasting demand is necessary and possible because of closer ties with customers and suppliersd. Selected functions may need to be done collaboratively with other partners in the value chain.e. New measures are needed for evaluating the performance of various activities along the value chain4. Leadershipa. The importance of leadership to value chain management is plain and simple – successful valuechain management is not possible without strong and committed leadership.5. Employeesa. Employees are the organization’s most important resource.b. There are three main human resources requirements for value chain management:i. Flexible approached to job designii. An effective hiring processiii. Ongoing training6. Organizational culture and attitudesa. The last requirement for value chain management is having a supportive organizational culture.Those cultural attitudes includei. Sharingii. Collaboratingiii. Opennessiv. Flexibilityv. Mutual respectvi. Trustb. These attitudes also include external partners.