Illustrates about revamping the value chain

Question

Illustrates about revamping the value chain?

Answer 1

Revamping the Value Chain:

Dramatic costs benefits can emerge from finding innovative modes to bypass or eliminate cost-producing value chain activities. The main ways companies can achieve a cost benefit by relocating their value chains comprises:

• Making fine use of Internet technology applications – In the recent years the Internet has become a strong and pervasive instrument for reengineering industry and company value chains.

• Utilize quality foods’ use of internet technology to reengineer value chain activities explains how one organization is using Internet technology to enhance both the efficiency and the effectiveness of the activities encompassing its potato chip business.