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Food, beverage and fibre value chains exist in both developed and developing countries, and may be analysed in terms of both firm and whole-of-chain perspectives. This subject reconciles supply, price, value chain and risk concepts and introduces a range of techniques applicable to value chain mapping and analysis as well measurement of performance and risk, in whatever environment the chain resides in.
The subject improves capacity to make strategic decisions and assess improvement options surrounding areas such as logistics, inventory management, location, distribution networks and risk. The importance of sustainability in a value chain is emphasised with the need to account for chain externalities as well as chain goods.
Intended learning outcomes
On successful completion of the subject, students should be able to:
- Demonstrate an understanding of the main concepts of value chain analysis and apply relevant tools for mapping and analysis of value chains
- Describe theory of risk principles and the measurement of risk and price volatility.
- Differentiate supply chain and value chain concepts
- Demonstrate the relationship between supply chain decisions and strategic fit to overall firm success
- Identify and explain the determinants of supply chain performance including their measurement
- Understand the role of logistics decisions in a value chain and be able to apply frameworks for making such decisions
- Understand the whole-of-chain concept inclusive of chain goods and chain externalities as underpinning long term sustainable value chain development
- Analyse risk and apply tools of risk management to decision-making in the agri value chain including effective hedging strategies for managing commodity price risks through forward contracts, future contracts, options, & over-the-counter products.
On successful completion of this subject, students should have improved the following generic skills:
- An ability to apply analytical methods, models and tools to organisational and industry-related problems and case studies in the agribusiness value chain
- An ability to analyse quantitative and qualitative data with appropriate discipline-based techniques
- An ability to synthesise background and contextual information leading on to problem definition for analysis
- The ability to articulate investigative findings using face-to-face and digital media
- The ability to analyse and discuss within different forum contexts, the application of theory and core concepts to considered analysis, problem solving and decision making
- The ability to present discussion, analysis and findings using appropriate written communication style
- An ability to apply their heightened understanding of agribusiness issues, problems and challenges to more effective enterprise decision-making and industry resilience and capacity building
Last updated: 10 November 2023