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Value-Added Activity
(redirected from Value Added Activities)

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Value-Added Activity
An activity that increases the value of a product at a given stage in a production cycle or supply chain. For example, a timber company cuts down trees, which adds value to the wood because it can then be used. It may then sell the timber to a miller, who adds value by refining the timber into planks of wood. A carpenter who buys the planks adds value by making them into a table, which can then be sold to a customer. The concept of value added is most important in countries and other jurisdictions that have a value-added tax.
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In fact, improving QA efficiency by removing waste and removing non value added activities can be used not only for cost reduction but perhaps more importantly to enhance the quality standards by providing more resources that formerly performed non-value added activities and focus their effort on areas presenting a greater compliance risk.
Managing efficiency in a quality organization: Par Pharmaceutical ... by Barbarite, Joe / Pharmaceutical Processing
Generally, it is suggested that the low value added activities should be phased out while policies should be aimed at attracting the high value added activities and high-technology industries into the economy.
Value added per worker, capital accumulation, and technical progress by Teck, Hoon Hian / Pakistan Development Review
Additional compliance resulting from the expansion and globalization of business places demands on tax departments that rob them of their ability to focus on value added activities.
KPMG/IMRA Survey: Senior Tax Executives in Mass Retail Industry Use ... by PR Newswire
 
 
 
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