Value Chain Analysis in the retail industry can be used in several practical ways. It can help identify areas for improvement, boost efficiency, and increase profit margins. For instance, it can be used to analyze and optimize operations, from procurement of goods to customer service. It can also help in identifying the most cost-effective activities and systems, enabling the business to offer competitive pricing. Furthermore, it can aid in understanding how to create more value for customers, which can lead to increased customer loyalty and higher sales.
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