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.
Airbus to partner with VSMPO-AVISMA for strategic collaboration
The expectation is to reduce the latter by 50 percent, freeing up the time of skilled employees for more value added activities.
Ultra Electronics Sonar & Communication Systems Deploys PTC Windchill(R) To Optimize Product Development Processes
Wipro BPO is looking at increasing its thrust on the Knowledge Services practice, which includes higher value added activities like Research & Analytics.
Wipro BPO Appoints Ramit Sethi to Consolidate and Drive Knowledge Services & Capital Markets
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.
Ultimus Customer Among KMWorld Reality Award Finalists
These enhancements will let us spend more time on analysis and other value added activities.
Business Objects Launches Expanded Performance Management Solutions for the CFO; New Integrated Applications on BusinessObjects XI Help Organizations Align for Higher Performance
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.
VeriFone Opens International Headquarters in Singapore; New Operation Is Center of Global Supply Chain Management
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.
Susquehanna International Group Selects Reuters Data Feed Direct
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.
Cartesis Survey Finds Forecasts Still Missing the Mark; Whitepaper Outlines Research Results: 84% of Organizations Worldwide have Inaccurate Financial Forecasting
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.
Milton Caterpillar Power Systems Chooses BigMachines' Lean Front-End
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.
Camfil Farr Selects GETPAID XE to Automate Collections Process; GETPAID to be Integrated with AS/400 MACPAC System to Streamline Receivables Management
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