A value chain is a business model that describes the full range of activities needed to create a product or service. The overarching goal of a value chain is to deliver the most value for the least expenditure, in order to create competitive advantage. By adopting value-enhancing engineering methods, companies are able to create a sound foundation for all efficiency improvements. In this blog post we’ll go through some of the most important elements that can help you to improve your business’ value chain.