In: Operations Management
1.) What is a value chain? How does a company’s supply chain fit into a company’s value chain? How did HEB’s supply chain respond to the COVID-19 Pandemic?
Your answers will be short essays and should be three full paragraphs or longer.
the value chain can be defined as the process in which businesses or company firstly gets the raw material, then company puts the value through processing it or manufacturing the raw material and turning it into the finished product and further sell the finished product to consumers.
The supply chain of a company fits into the value chain of a company as it's the subset of the value chain. The variation is that a supply chain is the method to reach out to the products or services in fulfilling a customer desire or want and value chain is the pack of different activities a company uses to create strong competition.
Talking about the Covid-19 outbreak in the entire US, the company's supply chain was obviously affected and the company started limiting the unnecessary supply of products and goods that are not used on daily basis and aren't so important. The company started selling N95 masks and the sanitizers and company were happy to see people buying it and showing concern against the virus. The company took lessons on time on how to make the necessary goods and services available in all stores on time.