Value Chain Approach
Value Chain: Cohesive Approach, Maximum Value.
Value chains represent all the steps and links in a system from beginning to end. When every step and link performs at its best, the entire value chain performs at its best. Businesses and non-profits benefit from enhanced value chain management.
Raw Materials ⇢
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Distribution ⇢
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Processing ⇢
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Retail ⇢
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Manufacturing ⇢
Consumer ✓
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Pharmaceutical Serialization
In today’s global economy, firms must think in terms of value chains and act on them. This is more than semantics. Optimal or smart value chain management enhances stakeholder value throughout the value chain.
A smart value chain looks holistically at the entire supply chain and focuses on delivering value to the end customer. Organizations operating with a smart value chain mindset are less likely to experience disruption in their supply chains due to tighter integration with suppliers and shared objectives – delivering their product or service to the end customer as efficiently as possible.
Value chain efficiency, effectiveness, relevancy and sustainability represent the wave of the future for business competitiveness – a wave that businesses are beginning to ride around the world and a wave firms must learn to ride better than their competitors.
Solutions to Societal Challenges
Value chains can deliver tremendous value to non-governmental organizations, as well as businesses trying to solve critical world challenges. The Axia Institute researchers are studying value chains that impact reliable food supplies and fresh drinking water supplies in arid regions. The holistic value chain view can lead to streamlined, pragmatic solutions by looking at the whole system and the relationship to its parts.
Value chain efficiency, effectiveness, relevancy and sustainability represent the wave of the future for business competitiveness – a wave that businesses are beginning to ride around the world and a wave firms must learn to ride better than their competitors.
News and Events
Patient Safety: Exploring Supply Chain Management Strategies – Webinar
May 19, 2021
About: During the 3rd installment of our Revolutionizing Patient Safety Webinar series, we will discuss different supply chain management strategies…
Revolutionizing Patient Safety Webinar Series: Event Recap
Revolutionizing Patient Safety Webinar Series: Event Recap
On April 14, the Axia Institute hosted its second Revolutionizing Patient Safety webinar titled The Patient-Centric Supply Chain for Prescription Drugs.
Joining Axia for this webinar were Ghasda Ashkar, Pharm. D., Director of Ambulatory Pharmacy Services, UCLA Health, and Jillian Foster, Pharm. D., Pharmacy Service Line Administrator, Baptist Memorial Health Care.
Axia Institute Research Leader Dr. Bahar Aliakbarian moderated the session along with Mark Karhoff, Principal at Ten Count Consulting. During the webinar our pharmacy participants shared their perspectives on the patient-centric supply chain while sharing their challenges and opportunities for improvement.
Slides from this session are available for download, as is the Zoom replay.
Patient-Centric Supply Chain Webinar
April 14, 2021
About: The Axia Institute is hosting a webinar on the transformation to the Patient-Centric Supply Chain for Prescription Drugs….
Bahar Aliakbarian Presents at the Midland Business Alliance
March 16, 2020
Dr. Bahar Aliakbarian of the Axia Institute recently presented at the Midland Business Alliance’s February Issues and Answers session. The event, Employers’ Update on the Opioid Crisis featured a panel of professionals from the medical field, health agencies and academia. The panel addressed workplace challenges caused by the opioid crisis and outlined strategies for managing these risks.
The Axia Institute Hosts Global Logistics Forum
March 26, 2020
The Axia Institute recently hosted Bridging the Gap: Establishing a Global Logistics Community to Jointly Address Common Challenges. The goal of the event was to help Axia and its partners begin thinking about ways to address shipping challenges across the global supply chain.
Industry Leaders Featured at Revolutionizing Patient Safety: Securing the Medication Supply Chain Virtual Conference
October 2020
On October 6, 2020, the Axia Institute hosted a virtual industry-focused event on the critical value chain to secure the supply chain for prescription medication. Revolutionizing Patient Safety: Securing the Medication Supply Chain provided a relevant forum for the important issue of patient safety and brought together industry professionals to discuss this important challenge. The Axia Institute would like to thank its sponsors including the Council of Pharmacy Executives and Suppliers (CPES), the Council of Supply Chain Executives (CSCE), eAgile, Fresenius Kabi, GS1, and IntelliGuard for helping underwrite this important event.
Ten Count Consulting Joins the Axia Institute
November 2, 2020
Michigan State University’s Axia Institute is pleased to announce that Chicago-based Ten Count Consulting, LLC has joined the Axia Institute as a General Member.
Getting COVID-19 Vaccines from the Factory to the Pharmacy – A Discussion with Dr. Bahar Aliakbarian
December 2020
Bahar Aliakbarian is an expert in supply chain management in pharmaceuticals and a professor at the School of Packaging at Michigan State University. Here, she describes the vaccine supply chains of Pfizer and Moderna, which are expected to be the two major early suppliers of the COVID-19 vaccines in the U.S. She also talks about challenges in distribution and the work being done to ensure safe and systematic delivery of the vaccines.
Value Chain Certificate Program
Spring 2021 Event
About: The program’s structure is based upon a portion of the graduate-level Supply Chain Management concentration in The Eli Broad College …
New Research Leader Joins the Axia Institute
December 16, 2020
Michigan State University’s Axia Institute is pleased to announce the appointment of Carlos A. Marino as Research Leader – Value Chain Digitization …
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Graduate studies, certificate programs and seminars in value chain creation and optimization.
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Bridging the gap from theory to real-world application.
The Axia Institute is affiliated with many leaders in value chain creation and development, including the MSU Eli Broad College of Business, whose supply chain management program consistently ranks #1. We routinely draw on all our partners’ expertise to better serve you.
