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What is value chain management and why is it important?

Posted by Dave Kravitt

Manufacturing value chain management (VCM) is the process of monitoring and managing all the components that comprise manufacturing, including procurement, production, quality control and distribution. It has gained prominence over the past couple of decades as business in general has gone increasingly global and the resulting competition has caused many companies to focus on their core competencies and outsource the rest.

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Tags: Value Chain Management