Value Chains and Other Processes
Value Chains have been around since the mid-eighties and the Object Management Group (OMG) is considering an RFP for a Value Chain standard. Meanwhile, companies like IBM have suggested that Value Chains are passé and that companies should focus on Value Networks instead. Most of the discussion is rather confused. This article, reprinted with permission from BPTrends, looks at what Value Chains are and why they are still important.