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Lean Management on the Upstream (Supply Side)

In: Lean Management and Kaizen

Author

Listed:
  • Marc Helmold

    (IUBH International University)

Abstract

The term supply management as key value-adding function replaces old definitions of procurement or purchasing. This definition is in line with Porter’s description of value chains (Porter 1985). A value chain is a set of activities that a firm operating in a specific industry performs in order to deliver a valuable product, service for the market. The concept comes from business management and was first described and popularized by Michael E. Porter in his 1985 best seller, Competitive Advantage: Creating and Sustaining Superior Performance, in the upstream supply management or the supply side.

Suggested Citation

  • Marc Helmold, 2020. "Lean Management on the Upstream (Supply Side)," Management for Professionals, in: Lean Management and Kaizen, edition 1, chapter 10, pages 91-106, Springer.
    • Handle: RePEc:spr:mgmchp:978-3-030-46981-8_10
    DOI: 10.1007/978-3-030-46981-8_10
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