![]() Managers must consider, then, how much they can charge for the final product that creates a profit for the company but customers still pay for it. It details the costs and value-added at each stage.ĭoing value chain analysis is meant to add value to a product or service. activities like design, production, and distribution. A value chain analysis is a process that allows businesses to visualize each stage on the value chain and determine where cuts can be made to reduce costs or how value can be added.īefore you begin to analyze production at your company, you should first understand the terminology that will be used in the remainder of the article.Ī value chain describes every stage of creating a product from start to finish, e.g.
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