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 primary objective of the VAPG program is to help agricultural producers enter into value-added activities related to the processing and marketing of bio-based value-added products.
repeatedly emphasized that their interest was in the promotion of value-added activities in the forestry sector.
Lean is a business philosophy that eliminates waste or non value-added activities from internal operations and the supply chain.
This means that as value-added activities are being performed throughout a woodworking plant, there is constant awareness of the level of conformance to customer requirements or quality standards.
There is more focus on "value creation," and on how much time is spent on compliance versus more value-added activities, such as planning and business advising.
Costs aside, the commitment to increased mobility is providing access to the information and applications students need and save physical space for more value-added activities such as seminars and interactive labs.
Corporate treasurers today need to focus their time on value-added activities, such as risk management or funding and investments activities, rather than operational issues like tracking receivables and reconciling collections," Arts said.
This in turn enables supervisors to measure and analyze productivity and focus employees on value-added activities.
Textbooks and software products suggest we will find new non-value-added activities, and then be able to concentrate on the remaining activities as value-added activities.
for their value-added activities that impact positively the profitability of end-user customers.
Although the insurance customer experience has traditionally involved intermediaries, the industry is being forced to expand customers' channel options to the Internet and call centers to remain competitive, reduce costs and allow agents to focus on the most value-added activities.
These subsystems were human infrastructure, leveled and balanced schedules, value-added activities, and robust, capable and in-control processes.