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Draw and explain a Porter's Value Chain Analysis of Fortescue Metals Group Ltd diagram showing primary and support (secondary) activities. Inbound Logistics: This is how
Draw and explain a Porter's Value Chain Analysis of Fortescue Metals Group Ltd diagram showing primary and support (secondary) activities.
- Inbound Logistics: This is how materials and resources are gained from suppliers before the final product or service can be developed. In your analysis, take a look at the locations of your suppliers and shipping costs from their facility to yours.
- Operations: Operations are how the materials and resources are produced, resulting in a final product or service. Here, you may look at the cost of running your warehouse, machinery, and assembly lines.
- Outbound Logistics: Once a product or service is finished, it needs to be distributed. Outbound logistics describes this delivery process. Take into account your shipping costs to consumers, your warehousing fees, your distributor relations (do they charge a fee per sale, for example?), and order processing operations.
- Marketing and Sales: This is how your product or service is presented and sold to your ideal target market. In your analysis, take into account advertising costs, promotional costs, reach, andcost-per-acquisition.
- Services: This is the support a business provides for the customer which can include support and training for the product, warranties, and guarantees. You'll look at repair costs, product training costs, product adjustment frequency, and more.
Support Activities
Support activities help the primary activities in creating an advantage over competitors. They include:
- Firm Infrastructure: This entails all the management, financial, and legal systems a business has in place to make business decisions and effectively manage resources.
- Human Resource Management: Human resource management encompasses all the processes and systems involved in managing employees and hiring new staff. This is especially important for companies that provide in-person service, and excellent employees can be a competitive advantage.
- Technology Development: Technology development helps a business innovate. And technology can be used in various steps of the value chain to gain an advantage over competitors by increasing efficiency or decreasing production costs.
- Procurement: This is how the resources and materials for a product are sourced and suppliers are found. The goal is to find quality supplies that fit the business' budget.
(Focus on these to answer please ). Thank you.
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