Friday, 29 September 2023, 11:09 PM
Site: Smart Factory Hub E-Learning Platform
Course: Smart Factory Hub E-Learning Platform (SFH eLP)
Glossary: Glossary

Value Added Chain

Sequence of value-creation processes (linear or hierarchical, formally this means directed acyclically).

Note: Corporate boundaries are not necessarily relevant to a value-creation chain or value chain.

Value Added Process

Process from which goods valuable to customers arise.

Value Added System

Network or system consisting of value-creation chains or value chains which can include not only cross-connections but also dependencies between them.

Vertical Integration

Integration within a system which crosses functional/ organizational hierarchy level.