Value-Added Activity

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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.
References in periodicals archive ?
The partners have, under this MOU, confirmed their intention to widen their activities from the supply of titanium raw material and forgings to value added activities.
The expectation is to reduce the latter by 50 percent, freeing up the time of skilled employees for more value added activities.
Wipro BPO is looking at increasing its thrust on the Knowledge Services practice, which includes higher value added activities like Research & Analytics.
This is a powerful example of how an organization can deliver significantly higher levels of productivity by automated key processes that enable each person to focus on value added activities and spend less time on inefficient or redundant manual tasks.
Bergeron said that VeriFone chose Singapore for its global supply chain hub due to its world-class airport and seaport infrastructure and connectivity, business friendly policies, strong technology base and manpower capabilities in high value added activities.
Dave Lenowitz, Global Head of Technology, Susquehanna, said: "We selected Reuters managed direct data feed, RDF-Direct, to enable us to focus our resources on high value added activities, rather than data maintenance and administration.
When accountability is distributed and automation is introduced into the process, it is far easier for management to concentrate on business-critical and value added activities.
As a result, too much project managers' time was spent reviewing orders and generating submittals instead on value added activities for the customer and company.
Specifically, we were looking to automate many of our routine, administrative functions thereby freeing resources to spend more time on value added activities where they will have the greatest impact within the collections operation.