Michael Porter's Value Chain by 50Minutes.com

Author:50Minutes.com
Language: eng
Format: epub
Publisher: 50Minutes.com
Published: 2017-03-01T00:00:00+00:00

Restructuring the value chain

For the fifth step, you must look at the list of questions established in 1999 by Mike Rother and John Shook: answering them allows the company to review and possibly redesign the value chain. The eight themes addressed by these two economists are intended to promote competitive advantage. The purpose of this phase is essentially to change or eliminate activities that create little or no value. The closer the execution period is to the development period, the more the company has succeeded in reducing its unnecessary transfers. Once the optimum (or balance) is established, it’s time to represent the company through a restructured value chain.

Mike Rother and John Shook’s eight questions are:

What is the duration of the value chain?

Is the production kept in a store or is it sent directly to the shipping bay?

In which parts of the value chain can we establish a continuous flow?

Where can it resort to flow systems (pull approach) with a store?

What specific point of the production chain will be chosen as a ‘regulatory process’ for scheduling production?

How will you refine production?

What area of the work will be used a regulatory process time unit?

What related process improvements will be required?

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