Data science/ML/AI

Data Science for Value-Chain Management

How can you leverage data science to optimize operations and boost profitability?

Value Chain Management (VCM) refers to organizing activities that add value to the goods or services to achieve a competitive advantage in the marketplace.

This method helps organizations to effectively respond to market trends and improve efficiency to boost profitability.

We quickly delve into the fundamental components of Value Chain Management.

We will then explore four examples of data science applications to support strategic primary activities.

The value chain framework was originally introduced in Michael Porter's book “Competitive Advantage: Creating and Sustaining Superior Performance”.

This revolutionized how businesses perceive their operations by dissecting any business into a series of interconnected activities that contribute to creating and delivering value to customers.

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2.7K viewsNov 23 at 07:11

Data Science for Value-Chain Management

How can you leverage data science to optimize operations and boost profitability?

Value Chain Management (VCM) refers to organizing activities that add value to the goods or services to achieve a competitive advantage in the marketplace.

This method helps organizations to effectively respond to market trends and improve efficiency to boost profitability.

We quickly delve into the fundamental components of Value Chain Management.

We will then explore four examples of data science applications to support strategic primary activities.

The value chain framework was originally introduced in Michael Porter's book “Competitive Advantage: Creating and Sustaining Superior Performance”.

This revolutionized how businesses perceive their operations by dissecting any business into a series of interconnected activities that contribute to creating and delivering value to customers.

BY Data science/ML/AI