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 automation journey will enable us to migrate repetitive tasks to the digital workforce and reskill our staff to deliver more value added activities.'
He added that Bumiputera equity participation would be given priority in addressing imbalance participation in employment, asset ownership such as property and corporate equity as well as participation in high value added activities.
It is about ridding the market of duplication and administration, leaving more time for the value added activities. It's about everyone having one set of correct information when they talk about a risk and data being entered once, and once only."
Abdul Rahman Al Baker, Executive Director of Financial Institutions Supervision, at the CBB said, "CBB is closely monitoring the growth in this important sector and is pleased to see how new market entrants have brought value added activities to the existing industry by introducing new innovative products and structures, revolutionized to suit the region's investment appetite."
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.
"We chose Q-Pulse as we felt it would not only help us in meeting our regulatory compliance requirements, primarily GMP and ISO 17025, but would also enable us to free up staff time allowing us to focus on more value added activities."
A QC technician than prepares the required media and mobile phase based on the requested forms, hence allowing the analyst to focus on the science, the test methods, and other value added activities.
Ports are potential engines of growth and offer good opportunities for value added activities, a fact certain Gulf countries, notably the UAE and Oman, have soundly grasped.
Mr Stephen Howard, group chief executive of Cookson, said the acquisition "will further increase the value added activities of our precious metals business, reflecting our strategy of providing semi-finished gold and silver products to the jewellery market".
Within the context of industrial restructuring, it is not uncommon to use terms such as 'higher value-added per worker', or 'low or high value added activities', and 'high technology' industries.
Higher value added activities and boosting linkages between domestic firms with foreign markets and investors can help Vietnam move up global value chains, says two new World Bank Group reports.
Focused on the technology, manufacturing, light industry service and knowledge based sectors, BIO has been designed to attract occupiers with value added activities. The project is planned to be implemented in two phases.