Lecture

The Product Value Chain: Overview

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Description

This lecture introduces the Product Value Chain analysis tool, focusing on the activities required to bring a technological product to the user. It covers the stages of imagining, designing, producing, marketing, distributing, and supporting a product, emphasizing the importance of considering all steps early in the project. The lecture highlights the interconnected nature of the Value Chain segments and the need for tailoring the analysis to specific products. It also stresses the importance of simplicity in the analysis process and the necessity of involving a diverse team for successful implementation.

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Technology innovation can be a great enabler for development in low and middle-income countries. This course presents a methodology and an approach to develop impactful innovations that have the power to foster sustainable development. Whether you are from an industrialized or a developing country, whether you are employed in a company, an NGO, an international organization or a government. Whether you are an academic, an independent entrepreneur, or simply a passionate individual, this course is for you.

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Related concepts (32)

Supply chain management

In commerce, supply chain management (SCM) deals with a system of procurement (purchasing raw materials/components), operations management (ensuring the production of high-quality products at high speed with good flexibility and low production cost), logistics and marketing channels, so that the raw materials can be converted into a finished product and delivered to the end customer.

Supply chain

A supply chain, sometimes expressed as a "supply-chain", is a complex logistics system that consists of facilities that convert raw materials into finished products and distribute them to end consumers or end customers. Meanwhile, supply chain management deals with the flow of goods within the supply chain in the most efficient manner. In sophisticated supply chain systems, used products may re-enter the supply chain at any point where residual value is recyclable. Supply chains link value chains.

Normal distribution

In statistics, a normal distribution or Gaussian distribution is a type of continuous probability distribution for a real-valued random variable. The general form of its probability density function is The parameter is the mean or expectation of the distribution (and also its median and mode), while the parameter is its standard deviation. The variance of the distribution is . A random variable with a Gaussian distribution is said to be normally distributed, and is called a normal deviate.

Cauchy distribution

The Cauchy distribution, named after Augustin Cauchy, is a continuous probability distribution. It is also known, especially among physicists, as the Lorentz distribution (after Hendrik Lorentz), Cauchy–Lorentz distribution, Lorentz(ian) function, or Breit–Wigner distribution. The Cauchy distribution is the distribution of the x-intercept of a ray issuing from with a uniformly distributed angle. It is also the distribution of the ratio of two independent normally distributed random variables with mean zero.

Value chain

A value chain is a progression of activities that a firm operating in a specific industry performs in order to deliver a valuable product (i.e., good and/or service) to the end customer. The concept comes through business management and was first described by Michael Porter in his 1985 best-seller, Competitive Advantage: Creating and Sustaining Superior Performance. The idea of the value chain is based on the process view of organizations, the idea of seeing a manufacturing (or service) organization as a system, made up of subsystems each with inputs, transformation processes and outputs.

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