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Glossary Supply Chain / Term

value added

A process or operation that increases the worth of a good or service as perceived by the internal or external customer, as opposed to an operation that may simply incur costs due to the performance of an activity. ex.-in processing metal coils, stamping the part out of the coil into the form required by the customer adds value; moving the coil from the warehouse to where it is processed does not.

Permanent link value added - Creation date 2021-11-03


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