Value Chain Management

The first question targets an enhancement of supply chain management towards value chain management with integrated volumes and value planning. The second question is related to a specific industry type as basis to... 

The study provides valuable insights for research and industrial practice. At the beginning, the author reviews different management concepts in the value chain either demand, supply or value-oriented. The author proposes an integrated framework for value chain management as an interdisciplinary structure consisting of separated concepts. 

As a result the study opens various new research areas investigating the joined management of volumes and values in different industries or on the strategic or operative value chain management level. 

Economic Value Added Extended Value Chain Management Foreign Currency First in, First out Genetic Algorithms... 

The work s first objective is to combine specialized research to a value chain management framework for managing a value chain end-to-end by volumes and values. 

Chapter 2 defines the theoretical background of the work. Related research areas around the central terms value chain and value chain management are identified. Definitions, classification schemes and concepts are presented as a whole. 

A. Terminological-descriptive Value Chain Management Chemical Industry and Value Chain Characteristics Define the research field and basic terms Use of descriptive studies to narrow problem area investigated within research field Definition of types and relevant dimensions in the scope... 

The management concepts focus on the primary activities in the value chain. Management concepts for support functions such as human resources, information technology or corporate finance are out-of-scope in this work. The integration of support management concepts into value chain management is an area for further research. 

Values in the industry value chain are subjects of financial accounting, profit and cost controlling as well as value-based management research. Out of the scope is the value chain support function of corporate finance concerned with getting required or investing excess financial resources in financial markets, which is not a core activity in the industry value chain and out of the scope in this work. The integration of value chain management with corporate finance is a potential area for further research. 

Most of the authors except Chopra/Meindl share the objective to minimize costs in the inter-company supply chain between companies with given demand and customer service level. Chopra/Meindl support the objective of value maximization, where it is later proposed to distinguish this objective with the term value chain management... 

In the following integrated value chain management is defined and a framework is developed as synthesis of management concepts presented in subchapter 2.2. Key methods used in value chain management such as optimization or simulation are presented at the end of the chapter. 

Kaeseler provides a more comprehensive definition of value chain management from a consumer goods industry perspective (Kaeseler 2004, pp. 228-229). Value Chain Management is an essence of Supply Chain Man-... 

Concluding, existing definitions use value chain management as alternative term for supply chain management focusing on supply volume decisions to fulfil a given demand and minimize costs. Especially, value and sales decisions are not covered in an integrated framework. 

To continue, an appropriate definition of integrated value chain management has to combine the characteristics of simultaneously managing volumes and values throughout the entire value chain in order to ensure companies profitability. Therefore, value chain management has to be defined in this work. 

Value chain management is the integration of demand, supply and value decisions from sales to procurement using strategy, planning and operational processes. 

This value chain management definition relies on a three-level structure for strategic, tactical and operative company control introduced by Anthony (1965) and used in controlling and supply chain management literature (Rohde et al. 2000). 

The value chain management concept is detailed in a framework being presented in fig. 17. 

Different methods are applied in the value chain management processes for decision support. Reference, optimization, simulation and analysis and visualization methods are distinguished as further detailed in section 2.3.3. 

The value chain management processes are presented in a process overview initially and then further detailed with respect to process characteristics and compared within the framework. 

Special concepts such as VMI or CPFR share the characteristic to be volume and supply-focused as in supply chain management. Although the terms may differ, the detailed processes and tasks match the overall value chain management framework, since the anatomy of the value chain is considered not to be different. 

Table 5 Value chain management process characteristics and attributes...

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