revamping the value chain

Q. 2 - What is revamping the value chain? How can organizing cost advantage by revamping value chain?

Ans:- Revamping value chain means making something stronger with dramatic cost advantage by eliminating or bypass cost producing value chain activities.

1. Making greater use of internet technology application.

2. Using direct to end user sales and marketing approaches.

3. Simplifying product design.

4. Strapping away the extras.

5. Shifting a simpler or flexible technologies process.

6. Bypassing the uses of high cost raw material or component parts.

7. Relocating facilities.

8. Dropping something for everyone approaches.