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Questions and Answers
What does a virtual value network consist of?
What enables 'Virtual Enterprises' in the context of the characteristics mentioned?
What is a key characteristic of a virtual enterprise?
What does the consolidation framework for business process design aim to achieve?
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What is a result of fast material, information, and cash flows in the context of the characteristics mentioned?
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Study Notes
Value Creation Models
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Traditional Value Creation (Goods-Dominant Logic, GDL)
- Value generated during manufacturing and provided to customers through transactions.
- Focuses on Value-in-Exchange and is consumed by customers.
- Aims to standardize products, services, and processes to reduce costs.
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Value Co-Creation (Service-Dominant Logic, SDL)
- Value offers are generated and provided to customers during product usage (Value-in-Use).
- Emphasizes continuous value generation by customers through service engagement.
- Seeks to integrate resources from both providers and customers to enhance value creation.
Information Technology and Value Networks
- Information technology facilitates the development of a "Value Network".
- A Value Network is a business design leveraging digital supply chain concepts.
- Objectives include maximizing customer satisfaction and profitability.
- Major competitive factors include time responsiveness and flexibility.
- The main goal is to swiftly and adaptively respond to customer requirements.
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Description
Test your knowledge of supply chain management and sustainability with this quiz. Explore the strategic model of "value co-creation" and traditional value creation concepts. Get ready to dive into the world of sustainable supply chain practices.
