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A value chain is a progression of activities that a business or firm performs in order to deliver goods and services of value to an end customer.The concept comes from the field of business management and was first described by Michael Porter in his 1985 best-seller, Competitive Advantage: Creating and Sustaining Superior Performance.
Value Delivery Modeling Language (VDML) is a standard modeling language for analysis and design of the operation of an enterprise with particular focus on the creation and exchange of value. [1] [2] In 2009, the Object Management Group (OMG) launched a Request for Proposal (RfP) to develop a standard for value modeling. The goal of this RfP is ...
Value-stream mapping has supporting methods that are often used in lean environments to analyze and design flows at the system level (across multiple processes).. Although value-stream mapping is often associated with manufacturing, it is also used in logistics, supply chain, service related industries, healthcare, [5] [6] software development, [7] [8] product development, [9] project ...
A value stream is the set of actions that take place to add value to a customer from the initial request through realization of value by the customer. The value stream begins with the initial concept, moves through various stages of development and on through delivery and support. A value stream always begins and ends with a customer.
Value chain management capability refers to an organisation's capacity to manage the internationally dispersed activities and partners that are part of its value chain. [ citation needed ] It is found to consist of an international orientation, network capability, market orientation, technological capability and teamwork management capability.
The sequence between semantic related ordered words is classified as a lexical chain. [1] A lexical chain is a sequence of related words in writing, spanning narrow (adjacent words or sentences) or wide context window (entire text). A lexical chain is independent of the grammatical structure of the text and in effect it is a list of words that ...
The word with embeddings most similar to the topic vector might be assigned as the topic's title, whereas far away word embeddings may be considered unrelated. As opposed to other topic models such as LDA , top2vec provides canonical ‘distance’ metrics between two topics, or between a topic and another embeddings (word, document, or otherwise).
From an end-customer's point of view, value-added work is any activity that produces goods or provides a service for which a customer is willing to pay; muda is any constraint or impediment that causes waste to occur. [3] There are two types of muda: [4] Muda type I: non value-adding, but necessary for end-customers. These are usually harder to ...