Exam (elaborations)
MNP3701 Assignment 5 Semester 1 2023
- Course
- Institution
MNP3701 Assignment 5 Semester 1 2023
[Show more]
Seller
Follow
omoka11
Reviews received
Content preview
MNP3701Assignment 5
Semester 1 2023
lenovo
[COMPANY NAME] [Company address]
, MNP3701 Assignment 5 Semester 1 2023
QUESTION 1 [3 MARKS]
Explain the difference between a value chain and a supply chain. Provide
specific examples from the operations of Toyota South Africa to illustrate the
difference. In your answer, you should demonstrate a critical understanding
of the interrelated activities involved in each chain and how they contribute to
the creation and delivery of value to customers.
The value chain and the supply chain are two distinct concepts that play vital roles
in the operations of a company like Toyota South Africa.
Value Chain: The value chain refers to a series of activities that a company
undertakes to create and deliver value to its customers. It involves a sequence of
interconnected activities that transform inputs into outputs, adding value at each
stage of the process. The value chain includes both primary and support activities.
Primary activities in the value chain include inbound logistics (receiving, storing,
and distributing inputs), operations (converting inputs into final products),
outbound logistics (delivering finished products to customers), marketing and sales
(promoting and selling products), and service (providing after-sales support).
Support activities in the value chain include procurement (sourcing inputs),
technology development (research and development, process innovation), human
resource management (recruiting, training, and development of employees), and
firm infrastructure (planning, finance, and other administrative functions).
For example, in the case of Toyota South Africa, the value chain would involve
activities such as procuring raw materials and components from suppliers,
manufacturing vehicles, distributing the finished vehicles to dealerships, marketing
and selling the vehicles to customers, and providing after-sales services like
maintenance and repairs. These activities collectively contribute to the creation and
delivery of value to customers.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller omoka11. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $3.00. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75632 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now