Value and logistics costs

Explain the concept of value and its implications for managing the supply chain;

• explain how total costs can be divided up in different ways, and how they can be applied to managing the supply chain;

• identify how better cost information can be used to create more value.what is meant by the term ‘value creation’;
• how logistics costs can be managed for better value creation;
• how activity-based management can be used to identify the cost drivers in your business.