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
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.
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 …
New Members to Join the Axia Institute Governance Board
December 17, 2020
Gary Burns, CEO of eAgile, Inc., and Gordon Krass, CEO of IntelliGuard® will join the Axia Institute’s Executive Advisory Board (EAB) …
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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.
