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Value chain and related concepts - Lecture 02

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The value chain model by Michael Porter has been covered in this presentation. The value chain comprises of primary activities: inbound logistics, internal operations, outbound logistics, marketing and sales, and service. The secondary activities are: firm's infrastructure, technology development, human resource management, and procurement. The other important concepts covered in this presentation are: Vendor Managed Inventory (VMI), Mass Customization, Postponement, Third Party Logistics (3PL), and Fourth party logistics (4PL).

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